This property looks like a bad Long-Term investment with a projected -11.34% first-year return on $50,568 initial cash invested.
-11.34%
Cash On Cash
4.77%
Cap Rate
0.71
DSCR
$1,700
Rent
-$478
Cashflow
Cash Flow
$1,700 income − $2,178 expenses = $478 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,568
Downpayment
20%
$48,160
Closing costs
1%
$2,408
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,700
Total Expenses
$2,178
Mortgage P&I
79%
$1,350
Property Taxes
18%
$300
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0