This property looks like a bad Long-Term investment with a projected -1% first-year return on $49,350 initial cash invested.
-1%
Cash On Cash
6.88%
Cap Rate
1.05
DSCR
$2,113
Rent
-$41
Cashflow
Cash Flow
$2,113 income − $2,154 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,113
Total Expenses
$2,154
Mortgage P&I
61%
$1,282
Property Taxes
11%
$240
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0