This property looks like a bad Long-Term investment with a projected -5.92% first-year return on $48,888 initial cash invested.
-5.92%
Cash On Cash
5.84%
Cap Rate
0.88
DSCR
$1,764
Rent
-$241
Cashflow
Cash Flow
$1,764 income − $2,005 expenses = $241 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,888
Downpayment
20%
$46,560
Closing costs
1%
$2,328
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,764
Total Expenses
$2,005
Mortgage P&I
73%
$1,286
Property Taxes
11%
$198
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0