This property looks like a bad Long-Term investment with a projected -9.61% first-year return on $51,303 initial cash invested.
-9.61%
Cash On Cash
5.19%
Cap Rate
0.77
DSCR
$1,918
Rent
-$411
Cashflow
Cash Flow
$1,918 income − $2,329 expenses = $411 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
$1,918
Total Expenses
$2,329
Mortgage P&I
71%
$1,371
Property Taxes
19%
$365
Home Insurance
4%
$86
HOA
0%
$8
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0