This property looks like a bad Long-Term investment with a projected -2.8% first-year return on $51,450 initial cash invested.
-2.8%
Cash On Cash
6.84%
Cap Rate
1
DSCR
$2,475
Rent
-$120
Cashflow
Cash Flow
$2,475 income − $2,595 expenses = $120 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,475
Total Expenses
$2,595
Mortgage P&I
56%
$1,393
Property Taxes
14%
$344
Home Insurance
3%
$86
HOA
5%
$128
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0