This property looks like a bad Long-Term investment with a projected -8.34% first-year return on $51,954 initial cash invested.
-8.34%
Cash On Cash
5.53%
Cap Rate
0.81
DSCR
$1,950
Rent
-$361
Cashflow
Cash Flow
$1,950 income − $2,311 expenses = $361 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,954
Downpayment
20%
$49,480
Closing costs
1%
$2,474
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,950
Total Expenses
$2,311
Mortgage P&I
72%
$1,403
Property Taxes
16%
$312
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0