This property looks like a bad Long-Term investment with a projected -1.56% first-year return on $51,450 initial cash invested.
-1.56%
Cash On Cash
6.92%
Cap Rate
1.03
DSCR
$2,090
Rent
-$67
Cashflow
Cash Flow
$2,090 income − $2,157 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,090
Total Expenses
$2,157
Mortgage P&I
66%
$1,375
Property Taxes
7%
$154
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0