This property looks like a bad Long-Term investment with a projected -8.6% first-year return on $50,631 initial cash invested.
-8.6%
Cash On Cash
5.11%
Cap Rate
0.79
DSCR
$1,814
Rent
-$363
Cashflow
Cash Flow
$1,814 income − $2,177 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$241k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,631
Downpayment
20%
$48,220
Closing costs
1%
$2,411
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,814
Total Expenses
$2,177
Mortgage P&I
72%
$1,298
Property Taxes
18%
$321
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0