This property looks like a bad Long-Term investment with a projected -5.89% first-year return on $49,749 initial cash invested.
-5.89%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$1,761
Rent
-$244
Cashflow
Cash Flow
$1,761 income − $2,005 expenses = $244 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,749
Downpayment
20%
$47,380
Closing costs
1%
$2,369
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,761
Total Expenses
$2,005
Mortgage P&I
74%
$1,301
Property Taxes
9%
$162
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0