This property looks like a bad Long-Term investment with a projected -4.69% first-year return on $50,904 initial cash invested.
-4.69%
Cash On Cash
6.35%
Cap Rate
0.94
DSCR
$2,245
Rent
-$199
Cashflow
Cash Flow
$2,245 income − $2,444 expenses = $199 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,245
Total Expenses
$2,444
Mortgage P&I
61%
$1,369
Property Taxes
18%
$404
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0