This property looks like a bad Long-Term investment with a projected -8.18% first-year return on $49,875 initial cash invested.
-8.18%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$1,555
Rent
-$340
Cashflow
Cash Flow
$1,555 income − $1,895 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,875
Downpayment
20%
$47,500
Closing costs
1%
$2,375
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,555
Total Expenses
$1,895
Mortgage P&I
85%
$1,320
Property Taxes
6%
$86
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0