This property looks like a bad Long-Term investment with a projected -5.83% first-year return on $50,190 initial cash invested.
-5.83%
Cash On Cash
5.91%
Cap Rate
0.88
DSCR
$1,632
Rent
-$244
Cashflow
Cash Flow
$1,632 income − $1,876 expenses = $244 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
$1,632
Total Expenses
$1,876
Mortgage P&I
82%
$1,340
Property Taxes
2%
$27
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0