This property looks like a bad Long-Term investment with a projected -8.48% first-year return on $51,513 initial cash invested.
-8.48%
Cash On Cash
5.43%
Cap Rate
0.8
DSCR
$1,728
Rent
-$364
Cashflow
Cash Flow
$1,728 income − $2,092 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,513
Downpayment
20%
$49,060
Closing costs
1%
$2,453
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,728
Total Expenses
$2,092
Mortgage P&I
80%
$1,389
Property Taxes
10%
$166
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$173
CapEx
5%
$86
Vacancy
6%
$104
Maintenance
5%
$86
Other
0%
$0