This property looks like a bad Long-Term investment with a projected -9.16% first-year return on $50,673 initial cash invested.
-9.16%
Cash On Cash
5.24%
Cap Rate
0.78
DSCR
$1,835
Rent
-$387
Cashflow
Cash Flow
$1,835 income − $2,222 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,673
Downpayment
20%
$48,260
Closing costs
1%
$2,413
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,835
Total Expenses
$2,222
Mortgage P&I
74%
$1,349
Property Taxes
16%
$290
Home Insurance
5%
$85
HOA
1%
$20
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0