This property looks like a bad Long-Term investment with a projected -3.22% first-year return on $49,497 initial cash invested.
-3.22%
Cash On Cash
6.22%
Cap Rate
0.97
DSCR
$1,930
Rent
-$133
Cashflow
Cash Flow
$1,930 income − $2,063 expenses = $133 out of pocket
Investment Breakdown
|
Purchase Price
$236k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,497
Downpayment
20%
$47,140
Closing costs
1%
$2,357
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$2,063
Mortgage P&I
65%
$1,258
Property Taxes
11%
$220
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0