This property looks like a bad Long-Term investment with a projected -1.33% first-year return on $49,665 initial cash invested.
-1.33%
Cash On Cash
7.04%
Cap Rate
1.05
DSCR
$2,350
Rent
-$55
Cashflow
Cash Flow
$2,350 income − $2,405 expenses = $55 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,665
Downpayment
20%
$47,300
Closing costs
1%
$2,365
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,350
Total Expenses
$2,405
Mortgage P&I
56%
$1,324
Property Taxes
16%
$385
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0