This property looks like a bad Long-Term investment with a projected -1.84% first-year return on $49,497 initial cash invested.
-1.84%
Cash On Cash
6.63%
Cap Rate
1.02
DSCR
$1,983
Rent
-$76
Cashflow
Cash Flow
$1,983 income − $2,059 expenses = $76 out of pocket
Investment Breakdown
|
Purchase Price
$236k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,497
Downpayment
20%
$47,140
Closing costs
1%
$2,357
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,983
Total Expenses
$2,059
Mortgage P&I
65%
$1,279
Property Taxes
8%
$160
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0