This property looks like a bad Long-Term investment with a projected -14.39% first-year return on $51,051 initial cash invested.
-14.39%
Cash On Cash
3.46%
Cap Rate
0.56
DSCR
$1,075
Rent
-$612
Cashflow
Cash Flow
$1,075 income − $1,687 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,051
Downpayment
20%
$48,620
Closing costs
1%
$2,431
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,075
Total Expenses
$1,687
Mortgage P&I
117%
$1,259
Property Taxes
6%
$61
Home Insurance
8%
$87
HOA
0%
$0
Property Management
10%
$108
CapEx
5%
$54
Vacancy
6%
$64
Maintenance
5%
$54
Other
0%
$0