This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $51,072 initial cash invested.
-12.97%
Cash On Cash
4.37%
Cap Rate
0.65
DSCR
$1,424
Rent
-$552
Cashflow
Cash Flow
$1,424 income − $1,976 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,072
Downpayment
20%
$48,640
Closing costs
1%
$2,432
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,424
Total Expenses
$1,976
Mortgage P&I
96%
$1,367
Property Taxes
11%
$152
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0