This property looks like a bad Long-Term investment with a projected -4.22% first-year return on $50,904 initial cash invested.
-4.22%
Cash On Cash
6.21%
Cap Rate
0.94
DSCR
$2,009
Rent
-$179
Cashflow
Cash Flow
$2,009 income − $2,188 expenses = $179 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,009
Total Expenses
$2,188
Mortgage P&I
66%
$1,334
Property Taxes
12%
$250
Home Insurance
4%
$82
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0