This property looks like a bad Long-Term investment with a projected -11.98% first-year return on $51,198 initial cash invested.
-11.98%
Cash On Cash
4.41%
Cap Rate
0.68
DSCR
$1,612
Rent
-$511
Cashflow
Cash Flow
$1,612 income − $2,123 expenses = $511 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,612
Total Expenses
$2,123
Mortgage P&I
82%
$1,325
Property Taxes
17%
$266
Home Insurance
7%
$112
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0