This property looks like a bad Long-Term investment with a projected -6.22% first-year return on $51,282 initial cash invested.
-6.22%
Cash On Cash
5.64%
Cap Rate
0.87
DSCR
$1,817
Rent
-$266
Cashflow
Cash Flow
$1,817 income − $2,083 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,282
Downpayment
20%
$48,840
Closing costs
1%
$2,442
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,817
Total Expenses
$2,083
Mortgage P&I
73%
$1,323
Property Taxes
11%
$199
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0