This property looks like a bad Long-Term investment with a projected -3.87% first-year return on $49,350 initial cash invested.
-3.87%
Cash On Cash
6.49%
Cap Rate
0.96
DSCR
$2,089
Rent
-$159
Cashflow
Cash Flow
$2,089 income − $2,248 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,089
Total Expenses
$2,248
Mortgage P&I
63%
$1,325
Property Taxes
14%
$299
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0