This property looks like a bad Long-Term investment with a projected -4.45% first-year return on $50,736 initial cash invested.
-4.45%
Cash On Cash
5.6%
Cap Rate
0.92
DSCR
$1,768
Rent
-$188
Cashflow
Cash Flow
$1,768 income − $1,956 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,736
Downpayment
20%
$48,320
Closing costs
1%
$2,416
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,768
Total Expenses
$1,956
Mortgage P&I
69%
$1,228
Property Taxes
10%
$173
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0