This property looks like a bad Long-Term investment with a projected -6.64% first-year return on $50,043 initial cash invested.
-6.64%
Cash On Cash
5.62%
Cap Rate
0.87
DSCR
$2,154
Rent
-$277
Cashflow
Cash Flow
$2,154 income − $2,431 expenses = $277 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,043
Downpayment
20%
$47,660
Closing costs
1%
$2,383
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,154
Total Expenses
$2,431
Mortgage P&I
60%
$1,286
Property Taxes
22%
$483
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0