This property looks like a bad Long-Term investment with a projected -20.6% first-year return on $51,135 initial cash invested.
-20.6%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$1,053
Rent
-$878
Cashflow
Cash Flow
$1,053 income − $1,931 expenses = $878 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,135
Downpayment
20%
$48,700
Closing costs
1%
$2,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,053
Total Expenses
$1,931
Mortgage P&I
125%
$1,312
Property Taxes
24%
$257
Home Insurance
8%
$88
HOA
0%
$0
Property Management
10%
$105
CapEx
5%
$53
Vacancy
6%
$63
Maintenance
5%
$53
Other
0%
$0