This property looks like a bad Long-Term investment with a projected -3.21% first-year return on $50,505 initial cash invested.
-3.21%
Cash On Cash
6.21%
Cap Rate
0.98
DSCR
$2,209
Rent
-$135
Cashflow
Cash Flow
$2,209 income − $2,344 expenses = $135 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,209
Total Expenses
$2,344
Mortgage P&I
57%
$1,269
Property Taxes
19%
$417
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$133
Maintenance
5%
$110
Other
0%
$0