This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $51,219 initial cash invested.
-11.88%
Cash On Cash
3.98%
Cap Rate
0.65
DSCR
$1,553
Rent
-$507
Cashflow
Cash Flow
$1,553 income − $2,060 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,219
Downpayment
20%
$48,780
Closing costs
1%
$2,439
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,553
Total Expenses
$2,060
Mortgage P&I
80%
$1,238
Property Taxes
21%
$331
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0