This property looks like a bad Long-Term investment with a projected -12.38% first-year return on $49,707 initial cash invested.
-12.38%
Cash On Cash
4.16%
Cap Rate
0.65
DSCR
$1,349
Rent
-$513
Cashflow
Cash Flow
$1,349 income − $1,862 expenses = $513 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,707
Downpayment
20%
$47,340
Closing costs
1%
$2,367
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,349
Total Expenses
$1,862
Mortgage P&I
94%
$1,266
Property Taxes
12%
$162
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0