This property looks like a bad Long-Term investment with a projected -7.37% first-year return on $52,290 initial cash invested.
-7.37%
Cash On Cash
5.62%
Cap Rate
0.83
DSCR
$1,674
Rent
-$321
Cashflow
Cash Flow
$1,674 income − $1,995 expenses = $321 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,674
Total Expenses
$1,995
Mortgage P&I
84%
$1,404
Property Taxes
4%
$69
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0