This property looks like a bad Long-Term investment with a projected -13.53% first-year return on $52,080 initial cash invested.
-13.53%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$2,032
Rent
-$587
Cashflow
Cash Flow
$2,032 income − $2,619 expenses = $587 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,080
Downpayment
20%
$49,600
Closing costs
1%
$2,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,032
Total Expenses
$2,619
Mortgage P&I
67%
$1,362
Property Taxes
32%
$640
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0