This property looks like a bad Long-Term investment with a projected -9.73% first-year return on $51,051 initial cash invested.
-9.73%
Cash On Cash
4.81%
Cap Rate
0.74
DSCR
$1,583
Rent
-$414
Cashflow
Cash Flow
$1,583 income − $1,997 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,051
Downpayment
20%
$48,620
Closing costs
1%
$2,431
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,583
Total Expenses
$1,997
Mortgage P&I
83%
$1,309
Property Taxes
12%
$189
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0