This property looks like a bad Long-Term investment with a projected -7.71% first-year return on $49,350 initial cash invested.
-7.71%
Cash On Cash
5.14%
Cap Rate
0.8
DSCR
$1,388
Rent
-$317
Cashflow
Cash Flow
$1,388 income − $1,705 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,388
Total Expenses
$1,705
Mortgage P&I
90%
$1,255
Property Taxes
1%
$8
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0