This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $50,505 initial cash invested.
-10.55%
Cash On Cash
4.89%
Cap Rate
0.72
DSCR
$1,447
Rent
-$444
Cashflow
Cash Flow
$1,447 income − $1,891 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,505
Downpayment
20%
$48,100
Closing costs
1%
$2,405
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,447
Total Expenses
$1,891
Mortgage P&I
93%
$1,352
Property Taxes
5%
$77
Home Insurance
6%
$86
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0