This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $51,450 initial cash invested.
-14.55%
Cash On Cash
4.06%
Cap Rate
0.6
DSCR
$1,439
Rent
-$624
Cashflow
Cash Flow
$1,439 income − $2,063 expenses = $624 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,439
Total Expenses
$2,063
Mortgage P&I
96%
$1,381
Property Taxes
15%
$222
Home Insurance
6%
$86
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0