This property looks like a bad Long-Term investment with a projected -19.61% first-year return on $50,778 initial cash invested.
-19.61%
Cash On Cash
2.7%
Cap Rate
0.42
DSCR
$1,438
Rent
-$830
Cashflow
Cash Flow
$1,438 income − $2,268 expenses = $830 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,438
Total Expenses
$2,268
Mortgage P&I
91%
$1,302
Property Taxes
35%
$507
Home Insurance
6%
$85
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0