This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $50,190 initial cash invested.
-11.02%
Cash On Cash
4.73%
Cap Rate
0.71
DSCR
$1,648
Rent
-$461
Cashflow
Cash Flow
$1,648 income − $2,109 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,190
Downpayment
20%
$47,800
Closing costs
1%
$2,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,648
Total Expenses
$2,109
Mortgage P&I
80%
$1,321
Property Taxes
17%
$276
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0