This property looks like a bad Long-Term investment with a projected -14.65% first-year return on $50,862 initial cash invested.
-14.65%
Cash On Cash
3.87%
Cap Rate
0.58
DSCR
$1,160
Rent
-$621
Cashflow
Cash Flow
$1,160 income − $1,781 expenses = $621 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,862
Downpayment
20%
$48,440
Closing costs
1%
$2,422
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,160
Total Expenses
$1,781
Mortgage P&I
116%
$1,345
Property Taxes
4%
$46
Home Insurance
8%
$88
HOA
0%
$0
Property Management
10%
$116
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0