This property looks like a bad Long-Term investment with a projected -6.34% first-year return on $49,035 initial cash invested.
-6.34%
Cash On Cash
5.9%
Cap Rate
0.88
DSCR
$1,913
Rent
-$259
Cashflow
Cash Flow
$1,913 income − $2,172 expenses = $259 out of pocket
Investment Breakdown
|
Purchase Price
$234k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,913
Total Expenses
$2,172
Mortgage P&I
69%
$1,311
Property Taxes
14%
$275
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0