This property looks like a bad Long-Term investment with a projected -10.12% first-year return on $51,450 initial cash invested.
-10.12%
Cash On Cash
5.08%
Cap Rate
0.75
DSCR
$1,821
Rent
-$434
Cashflow
Cash Flow
$1,821 income − $2,255 expenses = $434 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,821
Total Expenses
$2,255
Mortgage P&I
76%
$1,381
Property Taxes
17%
$315
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0