This property looks like a bad Long-Term investment with a projected -6.9% first-year return on $49,371 initial cash invested.
-6.9%
Cash On Cash
5.79%
Cap Rate
0.85
DSCR
$1,787
Rent
-$284
Cashflow
Cash Flow
$1,787 income − $2,071 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,371
Downpayment
20%
$47,020
Closing costs
1%
$2,351
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,787
Total Expenses
$2,071
Mortgage P&I
74%
$1,329
Property Taxes
11%
$196
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0