This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $50,778 initial cash invested.
-13.97%
Cash On Cash
4.17%
Cap Rate
0.62
DSCR
$1,393
Rent
-$591
Cashflow
Cash Flow
$1,393 income − $1,984 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,778
Downpayment
20%
$48,360
Closing costs
1%
$2,418
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,393
Total Expenses
$1,984
Mortgage P&I
98%
$1,361
Property Taxes
14%
$194
Home Insurance
5%
$66
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0