This property looks like a bad Long-Term investment with a projected -5.51% first-year return on $52,290 initial cash invested.
-5.51%
Cash On Cash
6.03%
Cap Rate
0.89
DSCR
$1,848
Rent
-$240
Cashflow
Cash Flow
$1,848 income − $2,088 expenses = $240 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,848
Total Expenses
$2,088
Mortgage P&I
76%
$1,399
Property Taxes
7%
$122
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0