This property looks like a bad Long-Term investment with a projected -7.5% first-year return on $52,290 initial cash invested.
-7.5%
Cash On Cash
5.56%
Cap Rate
0.83
DSCR
$1,769
Rent
-$327
Cashflow
Cash Flow
$1,769 income − $2,096 expenses = $327 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,769
Total Expenses
$2,096
Mortgage P&I
79%
$1,393
Property Taxes
9%
$157
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0