This property looks like a bad Long-Term investment with a projected -18.14% first-year return on $49,140 initial cash invested.
-18.14%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$1,040
Rent
-$743
Cashflow
Cash Flow
$1,040 income − $1,783 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,140
Downpayment
20%
$46,800
Closing costs
1%
$2,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,040
Total Expenses
$1,783
Mortgage P&I
124%
$1,293
Property Taxes
13%
$138
Home Insurance
8%
$82
HOA
0%
$0
Property Management
10%
$104
CapEx
5%
$52
Vacancy
6%
$62
Maintenance
5%
$52
Other
0%
$0