This property looks like a bad Long-Term investment with a projected -9.22% first-year return on $49,350 initial cash invested.
-9.22%
Cash On Cash
5.13%
Cap Rate
0.77
DSCR
$1,617
Rent
-$379
Cashflow
Cash Flow
$1,617 income − $1,996 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$235k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,617
Total Expenses
$1,996
Mortgage P&I
81%
$1,302
Property Taxes
12%
$191
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0