This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $52,290 initial cash invested.
-13.52%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$1,278
Rent
-$589
Cashflow
Cash Flow
$1,278 income − $1,867 expenses = $589 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,278
Total Expenses
$1,867
Mortgage P&I
108%
$1,376
Property Taxes
6%
$71
Home Insurance
7%
$87
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0