This property looks like a bad Long-Term investment with a projected -8.07% first-year return on $51,282 initial cash invested.
-8.07%
Cash On Cash
5.11%
Cap Rate
0.79
DSCR
$1,508
Rent
-$345
Cashflow
Cash Flow
$1,508 income − $1,853 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,508
Total Expenses
$1,853
Mortgage P&I
87%
$1,310
Property Taxes
4%
$64
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0