This property looks like a bad Long-Term investment with a projected -16.05% first-year return on $49,266 initial cash invested.
-16.05%
Cash On Cash
3.75%
Cap Rate
0.55
DSCR
$1,309
Rent
-$659
Cashflow
Cash Flow
$1,309 income − $1,968 expenses = $659 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,266
Downpayment
20%
$46,920
Closing costs
1%
$2,346
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,309
Total Expenses
$1,968
Mortgage P&I
101%
$1,328
Property Taxes
17%
$216
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$79
Maintenance
5%
$65
Other
0%
$0