This property looks like a bad Long-Term investment with a projected -13.57% first-year return on $51,009 initial cash invested.
-13.57%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$1,258
Rent
-$577
Cashflow
Cash Flow
$1,258 income − $1,835 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,258
Total Expenses
$1,835
Mortgage P&I
107%
$1,342
Property Taxes
6%
$81
Home Insurance
7%
$85
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$75
Maintenance
5%
$63
Other
0%
$0