This property looks like a bad Long-Term investment with a projected -16.23% first-year return on $51,744 initial cash invested.
-16.23%
Cash On Cash
3.64%
Cap Rate
0.55
DSCR
$1,758
Rent
-$700
Cashflow
Cash Flow
$1,758 income − $2,458 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,744
Downpayment
20%
$49,280
Closing costs
1%
$2,464
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,758
Total Expenses
$2,458
Mortgage P&I
77%
$1,360
Property Taxes
31%
$541
Home Insurance
6%
$100
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0