This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $48,951 initial cash invested.
-15.98%
Cash On Cash
3.68%
Cap Rate
0.55
DSCR
$1,217
Rent
-$652
Cashflow
Cash Flow
$1,217 income − $1,869 expenses = $652 out of pocket
Investment Breakdown
|
Purchase Price
$233k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$48,951
Downpayment
20%
$46,620
Closing costs
1%
$2,331
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,217
Total Expenses
$1,869
Mortgage P&I
107%
$1,305
Property Taxes
13%
$163
Home Insurance
7%
$84
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0