This property looks like a bad Long-Term investment with a projected -19.86% first-year return on $51,408 initial cash invested.
-19.86%
Cash On Cash
2.26%
Cap Rate
0.37
DSCR
$1,170
Rent
-$851
Cashflow
Cash Flow
$1,170 income − $2,021 expenses = $851 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,408
Downpayment
20%
$48,960
Closing costs
1%
$2,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,170
Total Expenses
$2,021
Mortgage P&I
107%
$1,254
Property Taxes
29%
$342
Home Insurance
10%
$122
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0