This property looks like a bad Long-Term investment with a projected -10.97% first-year return on $50,778 initial cash invested.
-10.97%
Cash On Cash
4.54%
Cap Rate
0.71
DSCR
$1,812
Rent
-$464
Cashflow
Cash Flow
$1,812 income − $2,276 expenses = $464 out of pocket
Investment Breakdown
|
Purchase Price
$242k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,778
Downpayment
20%
$48,360
Closing costs
1%
$2,418
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,812
Total Expenses
$2,276
Mortgage P&I
71%
$1,287
Property Taxes
24%
$431
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0