This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $49,707 initial cash invested.
-6.33%
Cash On Cash
5.86%
Cap Rate
0.87
DSCR
$1,743
Rent
-$262
Cashflow
Cash Flow
$1,743 income − $2,005 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,743
Total Expenses
$2,005
Mortgage P&I
76%
$1,330
Property Taxes
8%
$138
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0