This property looks like a bad Long-Term investment with a projected -6.56% first-year return on $51,975 initial cash invested.
-6.56%
Cash On Cash
6.13%
Cap Rate
0.9
DSCR
$2,828
Rent
-$284
Cashflow
Cash Flow
$2,828 income − $3,112 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,828
Total Expenses
$3,112
Mortgage P&I
50%
$1,407
Property Taxes
31%
$882
Home Insurance
3%
$88
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0