This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $51,051 initial cash invested.
-14.57%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$1,548
Rent
-$620
Cashflow
Cash Flow
$1,548 income − $2,168 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,051
Downpayment
20%
$48,620
Closing costs
1%
$2,431
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,548
Total Expenses
$2,168
Mortgage P&I
84%
$1,304
Property Taxes
24%
$375
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0