This property looks like a bad Long-Term investment with a projected -6.13% first-year return on $51,450 initial cash invested.
-6.13%
Cash On Cash
5.68%
Cap Rate
0.87
DSCR
$1,745
Rent
-$263
Cashflow
Cash Flow
$1,745 income − $2,008 expenses = $263 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,745
Total Expenses
$2,008
Mortgage P&I
77%
$1,335
Property Taxes
8%
$134
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0