This property looks like a bad Long-Term investment with a projected -12.19% first-year return on $51,576 initial cash invested.
-12.19%
Cash On Cash
4.5%
Cap Rate
0.68
DSCR
$1,828
Rent
-$524
Cashflow
Cash Flow
$1,828 income − $2,352 expenses = $524 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,576
Downpayment
20%
$49,120
Closing costs
1%
$2,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,828
Total Expenses
$2,352
Mortgage P&I
74%
$1,354
Property Taxes
24%
$435
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0