This property looks like a bad Long-Term investment with a projected -5.96% first-year return on $49,770 initial cash invested.
-5.96%
Cash On Cash
5.92%
Cap Rate
0.88
DSCR
$1,702
Rent
-$247
Cashflow
Cash Flow
$1,702 income − $1,949 expenses = $247 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
$1,702
Total Expenses
$1,949
Mortgage P&I
78%
$1,332
Property Taxes
5%
$91
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0