This property looks like a bad Long-Term investment with a projected -7.99% first-year return on $50,022 initial cash invested.
-7.99%
Cash On Cash
5.54%
Cap Rate
0.82
DSCR
$1,675
Rent
-$333
Cashflow
Cash Flow
$1,675 income − $2,008 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,675
Total Expenses
$2,008
Mortgage P&I
81%
$1,349
Property Taxes
8%
$139
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0