This property looks like a bad Long-Term investment with a projected -4% first-year return on $52,479 initial cash invested.
-4%
Cash On Cash
6.12%
Cap Rate
0.94
DSCR
$1,804
Rent
-$175
Cashflow
Cash Flow
$1,804 income − $1,979 expenses = $175 out of pocket
Investment Breakdown
|
Purchase Price
$250k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,479
Downpayment
20%
$49,980
Closing costs
1%
$2,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,804
Total Expenses
$1,979
Mortgage P&I
75%
$1,360
Property Taxes
3%
$63
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0