This property looks like a bad Long-Term investment with a projected -7.32% first-year return on $50,190 initial cash invested.
-7.32%
Cash On Cash
5.61%
Cap Rate
0.83
DSCR
$1,577
Rent
-$306
Cashflow
Cash Flow
$1,577 income − $1,883 expenses = $306 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,577
Total Expenses
$1,883
Mortgage P&I
85%
$1,344
Property Taxes
3%
$44
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0