This property looks like a bad Long-Term investment with a projected -1.1% first-year return on $51,198 initial cash invested.
-1.1%
Cash On Cash
6.72%
Cap Rate
1.04
DSCR
$1,964
Rent
-$47
Cashflow
Cash Flow
$1,964 income − $2,011 expenses = $47 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,198
Downpayment
20%
$48,760
Closing costs
1%
$2,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,964
Total Expenses
$2,011
Mortgage P&I
67%
$1,314
Property Taxes
5%
$99
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0