This property looks like a bad Long-Term investment with a projected -7.12% first-year return on $52,059 initial cash invested.
-7.12%
Cash On Cash
5.65%
Cap Rate
0.85
DSCR
$1,918
Rent
-$309
Cashflow
Cash Flow
$1,918 income − $2,227 expenses = $309 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,059
Downpayment
20%
$49,580
Closing costs
1%
$2,479
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,918
Total Expenses
$2,227
Mortgage P&I
72%
$1,380
Property Taxes
14%
$260
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0