This property looks like a bad Long-Term investment with a projected -9.96% first-year return on $51,912 initial cash invested.
-9.96%
Cash On Cash
4.83%
Cap Rate
0.74
DSCR
$1,549
Rent
-$431
Cashflow
Cash Flow
$1,549 income − $1,980 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,912
Downpayment
20%
$49,440
Closing costs
1%
$2,472
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,549
Total Expenses
$1,980
Mortgage P&I
87%
$1,348
Property Taxes
8%
$128
Home Insurance
7%
$102
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0