This property looks like a bad Long-Term investment with a projected -8.61% first-year return on $49,917 initial cash invested.
-8.61%
Cash On Cash
4.66%
Cap Rate
0.77
DSCR
$1,515
Rent
-$358
Cashflow
Cash Flow
$1,515 income − $1,873 expenses = $358 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,515
Total Expenses
$1,873
Mortgage P&I
80%
$1,205
Property Taxes
12%
$179
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0