This property looks like a bad Long-Term investment with a projected -3.73% first-year return on $50,169 initial cash invested.
-3.73%
Cash On Cash
6.05%
Cap Rate
0.97
DSCR
$2,314
Rent
-$156
Cashflow
Cash Flow
$2,314 income − $2,470 expenses = $156 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,169
Downpayment
20%
$47,780
Closing costs
1%
$2,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,314
Total Expenses
$2,470
Mortgage P&I
54%
$1,244
Property Taxes
23%
$536
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0