This property looks like a bad Long-Term investment with a projected -6.59% first-year return on $49,917 initial cash invested.
-6.59%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$1,610
Rent
-$274
Cashflow
Cash Flow
$1,610 income − $1,884 expenses = $274 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,917
Downpayment
20%
$47,540
Closing costs
1%
$2,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,610
Total Expenses
$1,884
Mortgage P&I
80%
$1,295
Property Taxes
5%
$77
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0