This property looks like a bad Long-Term investment with a projected -11.58% first-year return on $51,303 initial cash invested.
-11.58%
Cash On Cash
4.69%
Cap Rate
0.7
DSCR
$1,687
Rent
-$495
Cashflow
Cash Flow
$1,687 income − $2,182 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,303
Downpayment
20%
$48,860
Closing costs
1%
$2,443
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,687
Total Expenses
$2,182
Mortgage P&I
81%
$1,366
Property Taxes
17%
$292
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0