This property looks like a bad Long-Term investment with a projected -5.64% first-year return on $51,093 initial cash invested.
-5.64%
Cash On Cash
5.71%
Cap Rate
0.89
DSCR
$1,896
Rent
-$240
Cashflow
Cash Flow
$1,896 income − $2,136 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,093
Downpayment
20%
$48,660
Closing costs
1%
$2,433
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,896
Total Expenses
$2,136
Mortgage P&I
69%
$1,302
Property Taxes
13%
$253
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0