This property looks like a bad Long-Term investment with a projected -6.12% first-year return on $49,770 initial cash invested.
-6.12%
Cash On Cash
6.01%
Cap Rate
0.89
DSCR
$2,174
Rent
-$254
Cashflow
Cash Flow
$2,174 income − $2,428 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,770
Downpayment
20%
$47,400
Closing costs
1%
$2,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,174
Total Expenses
$2,428
Mortgage P&I
61%
$1,331
Property Taxes
20%
$431
Home Insurance
4%
$83
HOA
1%
$18
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0