This property looks like a bad Long-Term investment with a projected -10.33% first-year return on $51,450 initial cash invested.
-10.33%
Cash On Cash
5.06%
Cap Rate
0.74
DSCR
$1,644
Rent
-$443
Cashflow
Cash Flow
$1,644 income − $2,087 expenses = $443 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,644
Total Expenses
$2,087
Mortgage P&I
85%
$1,395
Property Taxes
11%
$179
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0