This property looks like a bad Long-Term investment with a projected -10.48% first-year return on $52,122 initial cash invested.
-10.48%
Cash On Cash
4.96%
Cap Rate
0.75
DSCR
$2,122
Rent
-$455
Cashflow
Cash Flow
$2,122 income − $2,577 expenses = $455 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
$2,122
Total Expenses
$2,577
Mortgage P&I
65%
$1,375
Property Taxes
27%
$564
Home Insurance
4%
$87
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0