This property looks like a bad Long-Term investment with a projected -3.85% first-year return on $50,547 initial cash invested.
-3.85%
Cash On Cash
6.41%
Cap Rate
0.95
DSCR
$1,945
Rent
-$162
Cashflow
Cash Flow
$1,945 income − $2,107 expenses = $162 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,547
Downpayment
20%
$48,140
Closing costs
1%
$2,407
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,945
Total Expenses
$2,107
Mortgage P&I
69%
$1,350
Property Taxes
10%
$198
Home Insurance
3%
$54
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0