This property looks like a bad Long-Term investment with a projected -4.96% first-year return on $49,350 initial cash invested.
-4.96%
Cash On Cash
6.02%
Cap Rate
0.92
DSCR
$2,004
Rent
-$204
Cashflow
Cash Flow
$2,004 income − $2,208 expenses = $204 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
$2,004
Total Expenses
$2,208
Mortgage P&I
64%
$1,282
Property Taxes
16%
$324
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0