This property looks like a bad Long-Term investment with a projected -4.96% first-year return on $51,303 initial cash invested.
-4.96%
Cash On Cash
6.15%
Cap Rate
0.91
DSCR
$1,715
Rent
-$212
Cashflow
Cash Flow
$1,715 income − $1,927 expenses = $212 out of pocket
Investment Breakdown
|
Purchase Price
$244k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,303
Downpayment
20%
$48,860
Closing costs
1%
$2,443
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,715
Total Expenses
$1,927
Mortgage P&I
80%
$1,378
Property Taxes
1%
$14
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0