This property looks like a bad Long-Term investment with a projected -7.91% first-year return on $49,770 initial cash invested.
-7.91%
Cash On Cash
5.48%
Cap Rate
0.81
DSCR
$1,573
Rent
-$328
Cashflow
Cash Flow
$1,573 income − $1,901 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$237k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,770
Downpayment
20%
$47,400
Closing costs
1%
$2,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,573
Total Expenses
$1,901
Mortgage P&I
85%
$1,332
Property Taxes
5%
$76
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0