This property looks like a bad Long-Term investment with a projected -10.62% first-year return on $50,526 initial cash invested.
-10.62%
Cash On Cash
5.03%
Cap Rate
0.73
DSCR
$1,488
Rent
-$447
Cashflow
Cash Flow
$1,488 income − $1,935 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,526
Downpayment
20%
$48,120
Closing costs
1%
$2,406
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,488
Total Expenses
$1,935
Mortgage P&I
93%
$1,381
Property Taxes
5%
$80
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0