This property looks like a bad Long-Term investment with a projected -11.61% first-year return on $51,261 initial cash invested.
-11.61%
Cash On Cash
4.93%
Cap Rate
0.73
DSCR
$2,333
Rent
-$496
Cashflow
Cash Flow
$2,333 income − $2,829 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,261
Downpayment
20%
$48,820
Closing costs
1%
$2,441
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,333
Total Expenses
$2,829
Mortgage P&I
59%
$1,382
Property Taxes
32%
$753
Home Insurance
4%
$87
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0