This property looks like a bad Long-Term investment with a projected -2.51% first-year return on $50,190 initial cash invested.
-2.51%
Cash On Cash
6.65%
Cap Rate
0.99
DSCR
$1,892
Rent
-$105
Cashflow
Cash Flow
$1,892 income − $1,997 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,892
Total Expenses
$1,997
Mortgage P&I
71%
$1,334
Property Taxes
5%
$86
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0