This property looks like a bad Long-Term investment with a projected -8.24% first-year return on $49,245 initial cash invested.
-8.24%
Cash On Cash
5.33%
Cap Rate
0.8
DSCR
$1,503
Rent
-$338
Cashflow
Cash Flow
$1,503 income − $1,841 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,245
Downpayment
20%
$46,900
Closing costs
1%
$2,345
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,503
Total Expenses
$1,841
Mortgage P&I
87%
$1,304
Property Taxes
4%
$67
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0