This property looks like a bad Long-Term investment with a projected -1.55% first-year return on $50,190 initial cash invested.
-1.55%
Cash On Cash
6.86%
Cap Rate
1.03
DSCR
$2,121
Rent
-$65
Cashflow
Cash Flow
$2,121 income − $2,186 expenses = $65 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
$2,121
Total Expenses
$2,186
Mortgage P&I
62%
$1,325
Property Taxes
11%
$226
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0