This property looks like a bad Long-Term investment with a projected -15.56% first-year return on $49,980 initial cash invested.
-15.56%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$1,406
Rent
-$648
Cashflow
Cash Flow
$1,406 income − $2,054 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,980
Downpayment
20%
$47,600
Closing costs
1%
$2,380
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,406
Total Expenses
$2,054
Mortgage P&I
92%
$1,291
Property Taxes
22%
$315
Home Insurance
6%
$83
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0