This property looks like a bad Long-Term investment with a projected -13.85% first-year return on $51,639 initial cash invested.
-13.85%
Cash On Cash
4.22%
Cap Rate
0.62
DSCR
$1,491
Rent
-$596
Cashflow
Cash Flow
$1,491 income − $2,087 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,639
Downpayment
20%
$49,180
Closing costs
1%
$2,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,491
Total Expenses
$2,087
Mortgage P&I
93%
$1,386
Property Taxes
15%
$226
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$89
Maintenance
5%
$75
Other
0%
$0