This property looks like a bad Long-Term investment with a projected -1.96% first-year return on $52,101 initial cash invested.
-1.96%
Cash On Cash
6.55%
Cap Rate
1.01
DSCR
$1,937
Rent
-$85
Cashflow
Cash Flow
$1,937 income − $2,022 expenses = $85 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,101
Downpayment
20%
$49,620
Closing costs
1%
$2,481
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,937
Total Expenses
$2,022
Mortgage P&I
69%
$1,343
Property Taxes
4%
$87
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0