This property looks like a bad Long-Term investment with a projected -10.2% first-year return on $51,282 initial cash invested.
-10.2%
Cash On Cash
4.76%
Cap Rate
0.73
DSCR
$1,627
Rent
-$436
Cashflow
Cash Flow
$1,627 income − $2,063 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,627
Total Expenses
$2,063
Mortgage P&I
81%
$1,323
Property Taxes
14%
$229
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0