This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $50,148 initial cash invested.
-9.45%
Cash On Cash
5.04%
Cap Rate
0.76
DSCR
$1,503
Rent
-$395
Cashflow
Cash Flow
$1,503 income − $1,898 expenses = $395 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,148
Downpayment
20%
$47,760
Closing costs
1%
$2,388
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,503
Total Expenses
$1,898
Mortgage P&I
88%
$1,323
Property Taxes
7%
$105
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0