This property looks like a bad Long-Term investment with a projected -6.93% first-year return on $51,450 initial cash invested.
-6.93%
Cash On Cash
5.59%
Cap Rate
0.84
DSCR
$1,646
Rent
-$297
Cashflow
Cash Flow
$1,646 income − $1,943 expenses = $297 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,646
Total Expenses
$1,943
Mortgage P&I
82%
$1,357
Property Taxes
4%
$72
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0