This property looks like a bad Long-Term investment with a projected -9.85% first-year return on $50,799 initial cash invested.
-9.85%
Cash On Cash
4.62%
Cap Rate
0.73
DSCR
$1,543
Rent
-$417
Cashflow
Cash Flow
$1,543 income − $1,960 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,799
Downpayment
20%
$48,380
Closing costs
1%
$2,419
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,543
Total Expenses
$1,960
Mortgage P&I
82%
$1,271
Property Taxes
13%
$202
Home Insurance
6%
$86
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0