This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $48,846 initial cash invested.
-7.15%
Cash On Cash
5.67%
Cap Rate
0.84
DSCR
$1,658
Rent
-$291
Cashflow
Cash Flow
$1,658 income − $1,949 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,658
Total Expenses
$1,949
Mortgage P&I
79%
$1,308
Property Taxes
8%
$126
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0