This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $50,778 initial cash invested.
-19.45%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$1,185
Rent
-$823
Cashflow
Cash Flow
$1,185 income − $2,008 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,778
Downpayment
20%
$48,360
Closing costs
1%
$2,418
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,185
Total Expenses
$2,008
Mortgage P&I
110%
$1,298
Property Taxes
27%
$314
Home Insurance
8%
$89
HOA
0%
$0
Property Management
10%
$118
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0