This property looks like a bad Long-Term investment with a projected -2.91% first-year return on $51,618 initial cash invested.
-2.91%
Cash On Cash
6.02%
Cap Rate
0.97
DSCR
$1,848
Rent
-$125
Cashflow
Cash Flow
$1,848 income − $1,973 expenses = $125 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,618
Downpayment
20%
$49,160
Closing costs
1%
$2,458
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,848
Total Expenses
$1,973
Mortgage P&I
69%
$1,267
Property Taxes
7%
$138
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0