This property looks like a bad Long-Term investment with a projected -4.02% first-year return on $50,190 initial cash invested.
-4.02%
Cash On Cash
6.4%
Cap Rate
0.95
DSCR
$1,955
Rent
-$168
Cashflow
Cash Flow
$1,955 income − $2,123 expenses = $168 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,955
Total Expenses
$2,123
Mortgage P&I
69%
$1,345
Property Taxes
9%
$185
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0