This property looks like a bad Long-Term investment with a projected -3.23% first-year return on $50,127 initial cash invested.
-3.23%
Cash On Cash
6.38%
Cap Rate
0.97
DSCR
$1,881
Rent
-$135
Cashflow
Cash Flow
$1,881 income − $2,016 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,127
Downpayment
20%
$47,740
Closing costs
1%
$2,387
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,881
Total Expenses
$2,016
Mortgage P&I
70%
$1,311
Property Taxes
7%
$132
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0