This property looks like a bad Long-Term investment with a projected -9.79% first-year return on $49,770 initial cash invested.
-9.79%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$1,838
Rent
-$406
Cashflow
Cash Flow
$1,838 income − $2,244 expenses = $406 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,838
Total Expenses
$2,244
Mortgage P&I
70%
$1,291
Property Taxes
21%
$384
Home Insurance
5%
$83
HOA
0%
$8
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0