This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $50,190 initial cash invested.
-16.19%
Cash On Cash
3.85%
Cap Rate
0.57
DSCR
$2,047
Rent
-$677
Cashflow
Cash Flow
$2,047 income − $2,724 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,047
Total Expenses
$2,724
Mortgage P&I
66%
$1,342
Property Taxes
37%
$766
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0