This property looks like a bad Long-Term investment with a projected -14.14% first-year return on $50,232 initial cash invested.
-14.14%
Cash On Cash
4.15%
Cap Rate
0.61
DSCR
$1,314
Rent
-$592
Cashflow
Cash Flow
$1,314 income − $1,906 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$239k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,232
Downpayment
20%
$47,840
Closing costs
1%
$2,392
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,314
Total Expenses
$1,906
Mortgage P&I
103%
$1,354
Property Taxes
9%
$124
Home Insurance
7%
$86
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0