This property looks like a bad Long-Term investment with a projected -7.76% first-year return on $49,938 initial cash invested.
-7.76%
Cash On Cash
5.31%
Cap Rate
0.81
DSCR
$1,543
Rent
-$323
Cashflow
Cash Flow
$1,543 income − $1,866 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,543
Total Expenses
$1,866
Mortgage P&I
84%
$1,298
Property Taxes
4%
$69
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0