This property looks like a bad Long-Term investment with a projected -6.54% first-year return on $49,350 initial cash invested.
-6.54%
Cash On Cash
5.65%
Cap Rate
0.86
DSCR
$1,923
Rent
-$269
Cashflow
Cash Flow
$1,923 income − $2,192 expenses = $269 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,923
Total Expenses
$2,192
Mortgage P&I
67%
$1,279
Property Taxes
17%
$332
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0