This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $51,135 initial cash invested.
-13.52%
Cash On Cash
4.31%
Cap Rate
0.63
DSCR
$1,366
Rent
-$576
Cashflow
Cash Flow
$1,366 income − $1,942 expenses = $576 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,135
Downpayment
20%
$48,700
Closing costs
1%
$2,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,366
Total Expenses
$1,942
Mortgage P&I
101%
$1,383
Property Taxes
9%
$124
Home Insurance
6%
$80
HOA
0%
$0
Property Management
10%
$137
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0