This property looks like a bad Long-Term investment with a projected -4.63% first-year return on $51,051 initial cash invested.
-4.63%
Cash On Cash
6.08%
Cap Rate
0.93
DSCR
$2,031
Rent
-$197
Cashflow
Cash Flow
$2,031 income − $2,228 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$243k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,031
Total Expenses
$2,228
Mortgage P&I
65%
$1,327
Property Taxes
15%
$295
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0