This property looks like a bad Long-Term investment with a projected -15.38% first-year return on $48,846 initial cash invested.
-15.38%
Cash On Cash
3.88%
Cap Rate
0.58
DSCR
$1,420
Rent
-$626
Cashflow
Cash Flow
$1,420 income − $2,046 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,846
Downpayment
20%
$46,520
Closing costs
1%
$2,326
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,420
Total Expenses
$2,046
Mortgage P&I
92%
$1,308
Property Taxes
20%
$287
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0