This property looks like a bad Long-Term investment with a projected -17.36% first-year return on $49,350 initial cash invested.
-17.36%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$1,290
Rent
-$714
Cashflow
Cash Flow
$1,290 income − $2,004 expenses = $714 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,290
Total Expenses
$2,004
Mortgage P&I
98%
$1,261
Property Taxes
25%
$327
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0