This property looks like a bad Long-Term investment with a projected -8.8% first-year return on $51,429 initial cash invested.
-8.8%
Cash On Cash
4.92%
Cap Rate
0.77
DSCR
$1,609
Rent
-$377
Cashflow
Cash Flow
$1,609 income − $1,986 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,609
Total Expenses
$1,986
Mortgage P&I
81%
$1,302
Property Taxes
11%
$180
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0