This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $51,450 initial cash invested.
-8.93%
Cash On Cash
5.08%
Cap Rate
0.77
DSCR
$1,500
Rent
-$383
Cashflow
Cash Flow
$1,500 income − $1,883 expenses = $383 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,500
Total Expenses
$1,883
Mortgage P&I
90%
$1,345
Property Taxes
4%
$62
Home Insurance
6%
$86
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0