This property looks like a bad Long-Term investment with a projected -4.84% first-year return on $51,597 initial cash invested.
-4.84%
Cash On Cash
5.51%
Cap Rate
0.91
DSCR
$1,915
Rent
-$208
Cashflow
Cash Flow
$1,915 income − $2,123 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,597
Downpayment
20%
$49,140
Closing costs
1%
$2,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,915
Total Expenses
$2,123
Mortgage P&I
65%
$1,241
Property Taxes
15%
$294
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0