This property looks like a bad Long-Term investment with a projected -9.98% first-year return on $49,791 initial cash invested.
-9.98%
Cash On Cash
5.03%
Cap Rate
0.75
DSCR
$1,499
Rent
-$414
Cashflow
Cash Flow
$1,499 income − $1,913 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,791
Downpayment
20%
$47,420
Closing costs
1%
$2,371
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,499
Total Expenses
$1,913
Mortgage P&I
89%
$1,333
Property Taxes
7%
$104
Home Insurance
6%
$86
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0