This property looks like a bad Long-Term investment with a projected -6.65% first-year return on $48,909 initial cash invested.
-6.65%
Cash On Cash
5.7%
Cap Rate
0.85
DSCR
$1,585
Rent
-$271
Cashflow
Cash Flow
$1,585 income − $1,856 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,909
Downpayment
20%
$46,580
Closing costs
1%
$2,329
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,585
Total Expenses
$1,856
Mortgage P&I
82%
$1,298
Property Taxes
4%
$61
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0