This property looks like a bad Long-Term investment with a projected -16.81% first-year return on $49,329 initial cash invested.
-16.81%
Cash On Cash
3.63%
Cap Rate
0.54
DSCR
$1,493
Rent
-$691
Cashflow
Cash Flow
$1,493 income − $2,184 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,329
Downpayment
20%
$46,980
Closing costs
1%
$2,349
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,493
Total Expenses
$2,184
Mortgage P&I
89%
$1,327
Property Taxes
26%
$386
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0