This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $51,345 initial cash invested.
-7.81%
Cash On Cash
5.56%
Cap Rate
0.82
DSCR
$1,783
Rent
-$334
Cashflow
Cash Flow
$1,783 income − $2,117 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,345
Downpayment
20%
$48,900
Closing costs
1%
$2,445
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,783
Total Expenses
$2,117
Mortgage P&I
77%
$1,378
Property Taxes
11%
$189
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0