This property looks like a bad Long-Term investment with a projected -1.87% first-year return on $50,064 initial cash invested.
-1.87%
Cash On Cash
6.57%
Cap Rate
1.02
DSCR
$2,001
Rent
-$78
Cashflow
Cash Flow
$2,001 income − $2,079 expenses = $78 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,064
Downpayment
20%
$47,680
Closing costs
1%
$2,384
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,001
Total Expenses
$2,079
Mortgage P&I
64%
$1,283
Property Taxes
9%
$185
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0