This property looks like a bad Long-Term investment with a projected -10.85% first-year return on $49,980 initial cash invested.
-10.85%
Cash On Cash
4.72%
Cap Rate
0.72
DSCR
$1,826
Rent
-$452
Cashflow
Cash Flow
$1,826 income − $2,278 expenses = $452 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
$1,826
Total Expenses
$2,278
Mortgage P&I
71%
$1,298
Property Taxes
23%
$419
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0