This property looks like a bad Long-Term investment with a projected -8.4% first-year return on $51,450 initial cash invested.
-8.4%
Cash On Cash
5.42%
Cap Rate
0.81
DSCR
$1,874
Rent
-$360
Cashflow
Cash Flow
$1,874 income − $2,234 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,874
Total Expenses
$2,234
Mortgage P&I
73%
$1,372
Property Taxes
13%
$242
Home Insurance
5%
$86
HOA
3%
$47
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0