This property looks like a bad Long-Term investment with a projected -10.54% first-year return on $49,980 initial cash invested.
-10.54%
Cash On Cash
4.91%
Cap Rate
0.73
DSCR
$1,508
Rent
-$439
Cashflow
Cash Flow
$1,508 income − $1,947 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$238k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$49,980
Downpayment
20%
$47,600
Closing costs
1%
$2,380
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,508
Total Expenses
$1,947
Mortgage P&I
89%
$1,337
Property Taxes
9%
$135
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0