This property looks like a bad Long-Term investment with a projected -7.48% first-year return on $50,022 initial cash invested.
-7.48%
Cash On Cash
5.62%
Cap Rate
0.83
DSCR
$1,648
Rent
-$312
Cashflow
Cash Flow
$1,648 income − $1,960 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,022
Downpayment
20%
$47,640
Closing costs
1%
$2,382
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,648
Total Expenses
$1,960
Mortgage P&I
82%
$1,346
Property Taxes
6%
$100
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0