This property looks like a bad Long-Term investment with a projected -10.85% first-year return on $50,190 initial cash invested.
-10.85%
Cash On Cash
4.61%
Cap Rate
0.71
DSCR
$1,557
Rent
-$454
Cashflow
Cash Flow
$1,557 income − $2,011 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,557
Total Expenses
$2,011
Mortgage P&I
83%
$1,295
Property Taxes
15%
$227
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0