This property looks like a bad Long-Term investment with a projected -17.92% first-year return on $51,240 initial cash invested.
-17.92%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$1,231
Rent
-$765
Cashflow
Cash Flow
$1,231 income − $1,996 expenses = $765 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,240
Downpayment
20%
$48,800
Closing costs
1%
$2,440
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,231
Total Expenses
$1,996
Mortgage P&I
110%
$1,348
Property Taxes
20%
$242
Home Insurance
7%
$85
HOA
0%
$0
Property Management
10%
$123
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0