This property looks like a bad Long-Term investment with a projected -11.27% first-year return on $51,870 initial cash invested.
-11.27%
Cash On Cash
4.76%
Cap Rate
0.71
DSCR
$1,671
Rent
-$487
Cashflow
Cash Flow
$1,671 income − $2,158 expenses = $487 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,870
Downpayment
20%
$49,400
Closing costs
1%
$2,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,671
Total Expenses
$2,158
Mortgage P&I
83%
$1,382
Property Taxes
15%
$253
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0