This property looks like a bad Long-Term investment with a projected -5.63% first-year return on $50,505 initial cash invested.
-5.63%
Cash On Cash
6%
Cap Rate
0.89
DSCR
$1,755
Rent
-$237
Cashflow
Cash Flow
$1,755 income − $1,992 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,505
Downpayment
20%
$48,100
Closing costs
1%
$2,405
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,755
Total Expenses
$1,992
Mortgage P&I
77%
$1,351
Property Taxes
6%
$98
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0