This property looks like a bad Long-Term investment with a projected -3.53% first-year return on $51,366 initial cash invested.
-3.53%
Cash On Cash
6.43%
Cap Rate
0.96
DSCR
$1,856
Rent
-$151
Cashflow
Cash Flow
$1,856 income − $2,007 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,366
Downpayment
20%
$48,920
Closing costs
1%
$2,446
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,856
Total Expenses
$2,007
Mortgage P&I
74%
$1,368
Property Taxes
4%
$68
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0