This property looks like a bad Long-Term investment with a projected -3.76% first-year return on $51,429 initial cash invested.
-3.76%
Cash On Cash
6.21%
Cap Rate
0.95
DSCR
$1,812
Rent
-$161
Cashflow
Cash Flow
$1,812 income − $1,973 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,812
Total Expenses
$1,973
Mortgage P&I
74%
$1,337
Property Taxes
4%
$78
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0