This property looks like a bad Long-Term investment with a projected -6.84% first-year return on $50,190 initial cash invested.
-6.84%
Cash On Cash
5.62%
Cap Rate
0.85
DSCR
$1,687
Rent
-$286
Cashflow
Cash Flow
$1,687 income − $1,973 expenses = $286 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
$1,687
Total Expenses
$1,973
Mortgage P&I
78%
$1,321
Property Taxes
8%
$130
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0