This property looks like a bad Long-Term investment with a projected -3.42% first-year return on $51,177 initial cash invested.
-3.42%
Cash On Cash
5.87%
Cap Rate
0.96
DSCR
$1,884
Rent
-$146
Cashflow
Cash Flow
$1,884 income − $2,030 expenses = $146 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,177
Downpayment
20%
$48,740
Closing costs
1%
$2,437
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,884
Total Expenses
$2,030
Mortgage P&I
66%
$1,244
Property Taxes
11%
$199
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0