This property looks like a bad Long-Term investment with a projected -8.9% first-year return on $49,098 initial cash invested.
-8.9%
Cash On Cash
5.43%
Cap Rate
0.8
DSCR
$1,944
Rent
-$364
Cashflow
Cash Flow
$1,944 income − $2,308 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,098
Downpayment
20%
$46,760
Closing costs
1%
$2,338
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,944
Total Expenses
$2,308
Mortgage P&I
68%
$1,324
Property Taxes
20%
$397
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0