This property looks like a bad Long-Term investment with a projected -3.7% first-year return on $50,904 initial cash invested.
-3.7%
Cash On Cash
6.38%
Cap Rate
0.96
DSCR
$2,207
Rent
-$157
Cashflow
Cash Flow
$2,207 income − $2,364 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,904
Downpayment
20%
$48,480
Closing costs
1%
$2,424
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,207
Total Expenses
$2,364
Mortgage P&I
60%
$1,335
Property Taxes
17%
$370
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0