This property looks like a bad Long-Term investment with a projected -11.99% first-year return on $49,938 initial cash invested.
-11.99%
Cash On Cash
4.61%
Cap Rate
0.69
DSCR
$1,678
Rent
-$499
Cashflow
Cash Flow
$1,678 income − $2,177 expenses = $499 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,938
Downpayment
20%
$47,560
Closing costs
1%
$2,378
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,678
Total Expenses
$2,177
Mortgage P&I
79%
$1,328
Property Taxes
20%
$328
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0