This property looks like a bad Long-Term investment with a projected -7.17% first-year return on $51,555 initial cash invested.
-7.17%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$1,688
Rent
-$308
Cashflow
Cash Flow
$1,688 income − $1,996 expenses = $308 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,555
Downpayment
20%
$49,100
Closing costs
1%
$2,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,688
Total Expenses
$1,996
Mortgage P&I
81%
$1,362
Property Taxes
6%
$108
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0