This property looks like a bad Long-Term investment with a projected -10.31% first-year return on $51,660 initial cash invested.
-10.31%
Cash On Cash
4.84%
Cap Rate
0.73
DSCR
$1,700
Rent
-$444
Cashflow
Cash Flow
$1,700 income − $2,144 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,660
Downpayment
20%
$49,200
Closing costs
1%
$2,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,700
Total Expenses
$2,144
Mortgage P&I
79%
$1,351
Property Taxes
15%
$262
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0