This property looks like a bad Long-Term investment with a projected -7.87% first-year return on $50,022 initial cash invested.
-7.87%
Cash On Cash
5.47%
Cap Rate
0.81
DSCR
$1,618
Rent
-$328
Cashflow
Cash Flow
$1,618 income − $1,946 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,618
Total Expenses
$1,946
Mortgage P&I
82%
$1,332
Property Taxes
7%
$107
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0