This property looks like a bad Long-Term investment with a projected -10.31% first-year return on $51,345 initial cash invested.
-10.31%
Cash On Cash
4.97%
Cap Rate
0.74
DSCR
$1,617
Rent
-$441
Cashflow
Cash Flow
$1,617 income − $2,058 expenses = $441 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,345
Downpayment
20%
$48,900
Closing costs
1%
$2,445
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,617
Total Expenses
$2,058
Mortgage P&I
85%
$1,373
Property Taxes
11%
$176
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0