This property looks like a bad Long-Term investment with a projected -15.45% first-year return on $51,261 initial cash invested.
-15.45%
Cash On Cash
3.73%
Cap Rate
0.56
DSCR
$1,496
Rent
-$660
Cashflow
Cash Flow
$1,496 income − $2,156 expenses = $660 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,261
Downpayment
20%
$48,820
Closing costs
1%
$2,441
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,496
Total Expenses
$2,156
Mortgage P&I
90%
$1,343
Property Taxes
22%
$336
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0