This property looks like a bad Long-Term investment with a projected -6.83% first-year return on $50,967 initial cash invested.
-6.83%
Cash On Cash
5.61%
Cap Rate
0.85
DSCR
$1,887
Rent
-$290
Cashflow
Cash Flow
$1,887 income − $2,177 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,967
Downpayment
20%
$48,540
Closing costs
1%
$2,427
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,887
Total Expenses
$2,177
Mortgage P&I
70%
$1,330
Property Taxes
14%
$273
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0