This property looks like a bad Long-Term investment with a projected -1.8% first-year return on $50,043 initial cash invested.
-1.8%
Cash On Cash
6.24%
Cap Rate
1.01
DSCR
$1,809
Rent
-$75
Cashflow
Cash Flow
$1,809 income − $1,884 expenses = $75 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,043
Downpayment
20%
$47,660
Closing costs
1%
$2,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,809
Total Expenses
$1,884
Mortgage P&I
68%
$1,225
Property Taxes
5%
$99
Home Insurance
5%
$90
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0