This property looks like a bad Long-Term investment with a projected -10.85% first-year return on $48,867 initial cash invested.
-10.85%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$1,557
Rent
-$442
Cashflow
Cash Flow
$1,557 income − $1,999 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,867
Downpayment
20%
$46,540
Closing costs
1%
$2,327
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,557
Total Expenses
$1,999
Mortgage P&I
80%
$1,246
Property Taxes
17%
$265
Home Insurance
5%
$83
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0