This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $50,022 initial cash invested.
-10.72%
Cash On Cash
4.93%
Cap Rate
0.73
DSCR
$1,885
Rent
-$447
Cashflow
Cash Flow
$1,885 income − $2,332 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,885
Total Expenses
$2,332
Mortgage P&I
71%
$1,331
Property Taxes
23%
$435
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0