This property looks like a bad Long-Term investment with a projected -9.2% first-year return on $52,290 initial cash invested.
-9.2%
Cash On Cash
4.94%
Cap Rate
0.76
DSCR
$1,562
Rent
-$401
Cashflow
Cash Flow
$1,562 income − $1,963 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,562
Total Expenses
$1,963
Mortgage P&I
86%
$1,348
Property Taxes
8%
$122
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0