This property looks like a bad Long-Term investment with a projected -1.7% first-year return on $50,190 initial cash invested.
-1.7%
Cash On Cash
6.78%
Cap Rate
1.02
DSCR
$1,827
Rent
-$71
Cashflow
Cash Flow
$1,827 income − $1,898 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,827
Total Expenses
$1,898
Mortgage P&I
73%
$1,331
Property Taxes
0%
$8
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0