This property looks like a bad Long-Term investment with a projected -7.94% first-year return on $51,240 initial cash invested.
-7.94%
Cash On Cash
5.47%
Cap Rate
0.81
DSCR
$1,643
Rent
-$339
Cashflow
Cash Flow
$1,643 income − $1,982 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,643
Total Expenses
$1,982
Mortgage P&I
83%
$1,369
Property Taxes
6%
$98
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0