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
5.85%
Cap Rate
0.91
DSCR
$1,761
Rent
-$199
Cashflow
Cash Flow
$1,761 income − $1,960 expenses = $199 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,761
Total Expenses
$1,960
Mortgage P&I
73%
$1,293
Property Taxes
8%
$132
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0