This property looks like a bad Long-Term investment with a projected -9% first-year return on $49,350 initial cash invested.
-9%
Cash On Cash
4.93%
Cap Rate
0.78
DSCR
$1,898
Rent
-$370
Cashflow
Cash Flow
$1,898 income − $2,268 expenses = $370 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,898
Total Expenses
$2,268
Mortgage P&I
65%
$1,240
Property Taxes
24%
$452
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0