This property looks like a bad Long-Term investment with a projected -6.59% first-year return on $49,140 initial cash invested.
-6.59%
Cash On Cash
5.52%
Cap Rate
0.85
DSCR
$1,683
Rent
-$270
Cashflow
Cash Flow
$1,683 income − $1,953 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,140
Downpayment
20%
$46,800
Closing costs
1%
$2,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,683
Total Expenses
$1,953
Mortgage P&I
75%
$1,263
Property Taxes
10%
$171
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0