This property looks like a bad Long-Term investment with a projected -89.1% first-year return on $51,975 initial cash invested.
-89.1%
Cash On Cash
-11.73%
Cap Rate
-1.81
DSCR
$2,040
Rent
-$3,859
Cashflow
Cash Flow
$2,040 income − $5,899 expenses = $3,859 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,040
Total Expenses
$5,899
Mortgage P&I
66%
$1,337
Property Taxes
192%
$3,926
Home Insurance
4%
$91
HOA
1%
$15
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0