This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $50,610 initial cash invested.
-8.82%
Cash On Cash
5.05%
Cap Rate
0.77
DSCR
$1,511
Rent
-$372
Cashflow
Cash Flow
$1,511 income − $1,883 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,610
Downpayment
20%
$48,200
Closing costs
1%
$2,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,511
Total Expenses
$1,883
Mortgage P&I
87%
$1,310
Property Taxes
3%
$39
Home Insurance
9%
$140
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0