This property looks like a bad Long-Term investment with a projected -4.36% first-year return on $50,673 initial cash invested.
-4.36%
Cash On Cash
5.83%
Cap Rate
0.94
DSCR
$2,107
Rent
-$184
Cashflow
Cash Flow
$2,107 income − $2,291 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,673
Downpayment
20%
$48,260
Closing costs
1%
$2,413
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,107
Total Expenses
$2,291
Mortgage P&I
59%
$1,252
Property Taxes
20%
$422
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0