This property looks like a bad Long-Term investment with a projected -4.85% first-year return on $50,988 initial cash invested.
-4.85%
Cash On Cash
6.21%
Cap Rate
0.93
DSCR
$2,205
Rent
-$206
Cashflow
Cash Flow
$2,205 income − $2,411 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,988
Downpayment
20%
$48,560
Closing costs
1%
$2,428
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,205
Total Expenses
$2,411
Mortgage P&I
61%
$1,352
Property Taxes
16%
$363
Home Insurance
4%
$86
HOA
2%
$38
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0