This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $50,001 initial cash invested.
-16.25%
Cash On Cash
3.72%
Cap Rate
0.55
DSCR
$1,705
Rent
-$677
Cashflow
Cash Flow
$1,705 income − $2,382 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,001
Downpayment
20%
$47,620
Closing costs
1%
$2,381
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,705
Total Expenses
$2,382
Mortgage P&I
78%
$1,330
Property Taxes
31%
$526
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0