This property looks like a bad Long-Term investment with a projected -9.3% first-year return on $49,035 initial cash invested.
-9.3%
Cash On Cash
4.98%
Cap Rate
0.77
DSCR
$1,657
Rent
-$380
Cashflow
Cash Flow
$1,657 income − $2,037 expenses = $380 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,035
Downpayment
20%
$46,700
Closing costs
1%
$2,335
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,657
Total Expenses
$2,037
Mortgage P&I
76%
$1,266
Property Taxes
15%
$256
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0