This property looks like a bad Long-Term investment with a projected -5.09% first-year return on $51,429 initial cash invested.
-5.09%
Cash On Cash
6.02%
Cap Rate
0.91
DSCR
$1,861
Rent
-$218
Cashflow
Cash Flow
$1,861 income − $2,079 expenses = $218 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,861
Total Expenses
$2,079
Mortgage P&I
73%
$1,353
Property Taxes
8%
$154
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0