This property looks like a bad Long-Term investment with a projected -7.59% first-year return on $50,610 initial cash invested.
-7.59%
Cash On Cash
5.39%
Cap Rate
0.82
DSCR
$1,603
Rent
-$320
Cashflow
Cash Flow
$1,603 income − $1,923 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,610
Downpayment
20%
$48,200
Closing costs
1%
$2,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,603
Total Expenses
$1,923
Mortgage P&I
83%
$1,323
Property Taxes
6%
$91
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0