This property looks like a bad Long-Term investment with a projected -23.12% first-year return on $51,702 initial cash invested.
-23.12%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$663
Rent
-$996
Cashflow
Cash Flow
$663 income − $1,659 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,702
Downpayment
20%
$49,240
Closing costs
1%
$2,462
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$663
Total Expenses
$1,659
Mortgage P&I
199%
$1,319
Property Taxes
12%
$82
Home Insurance
13%
$86
HOA
0%
$0
Property Management
10%
$66
CapEx
5%
$33
Vacancy
6%
$40
Maintenance
5%
$33
Other
0%
$0