This property looks like a bad Long-Term investment with a projected -6% first-year return on $51,009 initial cash invested.
-6%
Cash On Cash
5.58%
Cap Rate
0.87
DSCR
$1,732
Rent
-$255
Cashflow
Cash Flow
$1,732 income − $1,987 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,009
Downpayment
20%
$48,580
Closing costs
1%
$2,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,732
Total Expenses
$1,987
Mortgage P&I
75%
$1,298
Property Taxes
9%
$153
Home Insurance
5%
$85
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0