This property looks like a bad Long-Term investment with a projected -4.67% first-year return on $52,122 initial cash invested.
-4.67%
Cash On Cash
6.15%
Cap Rate
0.92
DSCR
$1,924
Rent
-$203
Cashflow
Cash Flow
$1,924 income − $2,127 expenses = $203 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,122
Downpayment
20%
$49,640
Closing costs
1%
$2,482
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,924
Total Expenses
$2,127
Mortgage P&I
72%
$1,380
Property Taxes
7%
$143
Home Insurance
5%
$88
HOA
1%
$17
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0