This property looks like a bad Long-Term investment with a projected -2.96% first-year return on $50,736 initial cash invested.
-2.96%
Cash On Cash
6.69%
Cap Rate
0.99
DSCR
$2,126
Rent
-$125
Cashflow
Cash Flow
$2,126 income − $2,251 expenses = $125 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,736
Downpayment
20%
$48,320
Closing costs
1%
$2,416
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,126
Total Expenses
$2,251
Mortgage P&I
64%
$1,366
Property Taxes
12%
$247
Home Insurance
4%
$85
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0