This property looks like a bad Long-Term investment with a projected -3.55% first-year return on $51,072 initial cash invested.
-3.55%
Cash On Cash
6.01%
Cap Rate
0.97
DSCR
$2,137
Rent
-$151
Cashflow
Cash Flow
$2,137 income − $2,288 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,072
Downpayment
20%
$48,640
Closing costs
1%
$2,432
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,137
Total Expenses
$2,288
Mortgage P&I
59%
$1,262
Property Taxes
18%
$382
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0