This property looks like a bad Long-Term investment with a projected -7.51% first-year return on $48,909 initial cash invested.
-7.51%
Cash On Cash
5.13%
Cap Rate
0.81
DSCR
$1,457
Rent
-$306
Cashflow
Cash Flow
$1,457 income − $1,763 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,909
Downpayment
20%
$46,580
Closing costs
1%
$2,329
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,457
Total Expenses
$1,763
Mortgage P&I
84%
$1,228
Property Taxes
5%
$72
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0