This property looks like a bad Long-Term investment with a projected -15.52% first-year return on $50,631 initial cash invested.
-15.52%
Cash On Cash
3.99%
Cap Rate
0.58
DSCR
$1,661
Rent
-$655
Cashflow
Cash Flow
$1,661 income − $2,316 expenses = $655 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,631
Downpayment
20%
$48,220
Closing costs
1%
$2,411
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,661
Total Expenses
$2,316
Mortgage P&I
83%
$1,373
Property Taxes
25%
$423
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0