This property looks like a bad Long-Term investment with a projected -7.34% first-year return on $50,820 initial cash invested.
-7.34%
Cash On Cash
5.66%
Cap Rate
0.84
DSCR
$1,754
Rent
-$311
Cashflow
Cash Flow
$1,754 income − $2,065 expenses = $311 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,820
Downpayment
20%
$48,400
Closing costs
1%
$2,420
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,754
Total Expenses
$2,065
Mortgage P&I
78%
$1,364
Property Taxes
9%
$160
Home Insurance
5%
$85
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0