This property looks like a bad Long-Term investment with a projected -9.61% first-year return on $49,938 initial cash invested.
-9.61%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$1,446
Rent
-$400
Cashflow
Cash Flow
$1,446 income − $1,846 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,938
Downpayment
20%
$47,560
Closing costs
1%
$2,378
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,446
Total Expenses
$1,846
Mortgage P&I
91%
$1,310
Property Taxes
7%
$105
Home Insurance
4%
$55
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0