This property looks like a bad Long-Term investment with a projected -14.33% first-year return on $48,972 initial cash invested.
-14.33%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$1,637
Rent
-$585
Cashflow
Cash Flow
$1,637 income − $2,222 expenses = $585 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,972
Downpayment
20%
$46,640
Closing costs
1%
$2,332
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,637
Total Expenses
$2,222
Mortgage P&I
78%
$1,276
Property Taxes
27%
$436
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0