This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $51,429 initial cash invested.
-9.38%
Cash On Cash
4.88%
Cap Rate
0.75
DSCR
$1,514
Rent
-$402
Cashflow
Cash Flow
$1,514 income − $1,916 expenses = $402 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,514
Total Expenses
$1,916
Mortgage P&I
87%
$1,321
Property Taxes
8%
$115
Home Insurance
6%
$86
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0