This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $50,988 initial cash invested.
-6.8%
Cash On Cash
5.55%
Cap Rate
0.85
DSCR
$1,716
Rent
-$289
Cashflow
Cash Flow
$1,716 income − $2,005 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,988
Downpayment
20%
$48,560
Closing costs
1%
$2,428
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,716
Total Expenses
$2,005
Mortgage P&I
77%
$1,325
Property Taxes
8%
$145
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0