This property looks like a bad Long-Term investment with a projected -8.79% first-year return on $51,072 initial cash invested.
-8.79%
Cash On Cash
5.29%
Cap Rate
0.79
DSCR
$1,677
Rent
-$374
Cashflow
Cash Flow
$1,677 income − $2,051 expenses = $374 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
$1,677
Total Expenses
$2,051
Mortgage P&I
81%
$1,362
Property Taxes
10%
$165
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0