This property looks like a bad Long-Term investment with a projected -9.73% first-year return on $51,282 initial cash invested.
-9.73%
Cash On Cash
4.93%
Cap Rate
0.75
DSCR
$1,565
Rent
-$416
Cashflow
Cash Flow
$1,565 income − $1,981 expenses = $416 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,282
Downpayment
20%
$48,840
Closing costs
1%
$2,442
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,565
Total Expenses
$1,981
Mortgage P&I
86%
$1,341
Property Taxes
9%
$143
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0