This property looks like a bad Long-Term investment with a projected -20.03% first-year return on $50,022 initial cash invested.
-20.03%
Cash On Cash
2.49%
Cap Rate
0.39
DSCR
$1,036
Rent
-$835
Cashflow
Cash Flow
$1,036 income − $1,871 expenses = $835 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,022
Downpayment
20%
$47,640
Closing costs
1%
$2,382
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,036
Total Expenses
$1,871
Mortgage P&I
123%
$1,278
Property Taxes
23%
$237
Home Insurance
8%
$86
HOA
0%
$0
Property Management
10%
$104
CapEx
5%
$52
Vacancy
6%
$62
Maintenance
5%
$52
Other
0%
$0