This property looks like a bad Long-Term investment with a projected -2.04% first-year return on $49,413 initial cash invested.
-2.04%
Cash On Cash
6.47%
Cap Rate
1.01
DSCR
$2,044
Rent
-$84
Cashflow
Cash Flow
$2,044 income − $2,128 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,413
Downpayment
20%
$47,060
Closing costs
1%
$2,353
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,044
Total Expenses
$2,128
Mortgage P&I
61%
$1,251
Property Taxes
12%
$252
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0