This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $49,665 initial cash invested.
-9.45%
Cash On Cash
4.99%
Cap Rate
0.76
DSCR
$1,602
Rent
-$391
Cashflow
Cash Flow
$1,602 income − $1,993 expenses = $391 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,665
Downpayment
20%
$47,300
Closing costs
1%
$2,365
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,602
Total Expenses
$1,993
Mortgage P&I
81%
$1,295
Property Taxes
10%
$166
Home Insurance
7%
$116
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0