This property looks like a bad Long-Term investment with a projected -7.19% first-year return on $50,211 initial cash invested.
-7.19%
Cash On Cash
5.63%
Cap Rate
0.84
DSCR
$1,662
Rent
-$301
Cashflow
Cash Flow
$1,662 income − $1,963 expenses = $301 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,211
Downpayment
20%
$47,820
Closing costs
1%
$2,391
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,662
Total Expenses
$1,963
Mortgage P&I
81%
$1,340
Property Taxes
6%
$107
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0