This property looks like a bad Long-Term investment with a projected -8.51% first-year return on $50,778 initial cash invested.
-8.51%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$1,708
Rent
-$360
Cashflow
Cash Flow
$1,708 income − $2,068 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,708
Total Expenses
$2,068
Mortgage P&I
79%
$1,353
Property Taxes
11%
$186
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0