This property looks like a bad Long-Term investment with a projected -2.58% first-year return on $51,555 initial cash invested.
-2.58%
Cash On Cash
6.47%
Cap Rate
0.99
DSCR
$2,015
Rent
-$111
Cashflow
Cash Flow
$2,015 income − $2,126 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,555
Downpayment
20%
$49,100
Closing costs
1%
$2,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,015
Total Expenses
$2,126
Mortgage P&I
66%
$1,333
Property Taxes
9%
$180
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0