This property looks like a bad Long-Term investment with a projected -2.69% first-year return on $49,539 initial cash invested.
-2.69%
Cash On Cash
6.4%
Cap Rate
0.98
DSCR
$1,809
Rent
-$111
Cashflow
Cash Flow
$1,809 income − $1,920 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$236k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,539
Downpayment
20%
$47,180
Closing costs
1%
$2,359
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,809
Total Expenses
$1,920
Mortgage P&I
71%
$1,279
Property Taxes
5%
$88
Home Insurance
5%
$83
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0