This property looks like a bad Long-Term investment with a projected -12.56% first-year return on $50,526 initial cash invested.
-12.56%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$1,443
Rent
-$529
Cashflow
Cash Flow
$1,443 income − $1,972 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,443
Total Expenses
$1,972
Mortgage P&I
89%
$1,287
Property Taxes
15%
$222
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0