This property looks like a bad Long-Term investment with a projected -11.15% first-year return on $51,324 initial cash invested.
-11.15%
Cash On Cash
4.43%
Cap Rate
0.7
DSCR
$1,624
Rent
-$477
Cashflow
Cash Flow
$1,624 income − $2,101 expenses = $477 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,324
Downpayment
20%
$48,880
Closing costs
1%
$2,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,624
Total Expenses
$2,101
Mortgage P&I
80%
$1,299
Property Taxes
18%
$294
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0