This property looks like a bad Long-Term investment with a projected -10.15% first-year return on $51,303 initial cash invested.
-10.15%
Cash On Cash
5.02%
Cap Rate
0.75
DSCR
$1,757
Rent
-$434
Cashflow
Cash Flow
$1,757 income − $2,191 expenses = $434 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
$1,757
Total Expenses
$2,191
Mortgage P&I
78%
$1,367
Property Taxes
16%
$279
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0