This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $49,350 initial cash invested.
-10.72%
Cash On Cash
4.59%
Cap Rate
0.71
DSCR
$1,312
Rent
-$441
Cashflow
Cash Flow
$1,312 income − $1,753 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,350
Downpayment
20%
$47,000
Closing costs
1%
$2,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,312
Total Expenses
$1,753
Mortgage P&I
97%
$1,273
Property Taxes
4%
$56
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0