This property looks like a bad Long-Term investment with a projected -8.74% first-year return on $50,526 initial cash invested.
-8.74%
Cash On Cash
5.38%
Cap Rate
0.79
DSCR
$1,642
Rent
-$368
Cashflow
Cash Flow
$1,642 income − $2,010 expenses = $368 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,526
Downpayment
20%
$48,120
Closing costs
1%
$2,406
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,642
Total Expenses
$2,010
Mortgage P&I
83%
$1,364
Property Taxes
8%
$133
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0