This property looks like a bad Long-Term investment with a projected -17.25% first-year return on $51,135 initial cash invested.
-17.25%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$988
Rent
-$735
Cashflow
Cash Flow
$988 income − $1,723 expenses = $735 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,135
Downpayment
20%
$48,700
Closing costs
1%
$2,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$988
Total Expenses
$1,723
Mortgage P&I
134%
$1,327
Property Taxes
5%
$53
Home Insurance
9%
$87
HOA
0%
$0
Property Management
10%
$99
CapEx
5%
$49
Vacancy
6%
$59
Maintenance
5%
$49
Other
0%
$0