This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $49,371 initial cash invested.
-15.99%
Cash On Cash
3.01%
Cap Rate
0.5
DSCR
$1,187
Rent
-$658
Cashflow
Cash Flow
$1,187 income − $1,845 expenses = $658 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,371
Downpayment
20%
$47,020
Closing costs
1%
$2,351
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,187
Total Expenses
$1,845
Mortgage P&I
100%
$1,188
Property Taxes
20%
$239
Home Insurance
9%
$110
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0