This property looks like a bad Long-Term investment with a projected -13.72% first-year return on $52,290 initial cash invested.
-13.72%
Cash On Cash
4.22%
Cap Rate
0.62
DSCR
$1,447
Rent
-$598
Cashflow
Cash Flow
$1,447 income − $2,045 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,447
Total Expenses
$2,045
Mortgage P&I
97%
$1,401
Property Taxes
13%
$181
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0