This property looks like a bad Long-Term investment with a projected -11.74% first-year return on $50,820 initial cash invested.
-11.74%
Cash On Cash
4.26%
Cap Rate
0.68
DSCR
$1,716
Rent
-$497
Cashflow
Cash Flow
$1,716 income − $2,213 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,716
Total Expenses
$2,213
Mortgage P&I
74%
$1,270
Property Taxes
24%
$411
Home Insurance
5%
$85
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0