This property looks like a bad Long-Term investment with a projected -5.28% first-year return on $51,408 initial cash invested.
-5.28%
Cash On Cash
5.99%
Cap Rate
0.9
DSCR
$1,715
Rent
-$226
Cashflow
Cash Flow
$1,715 income − $1,941 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,408
Downpayment
20%
$48,960
Closing costs
1%
$2,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,715
Total Expenses
$1,941
Mortgage P&I
79%
$1,361
Property Taxes
1%
$18
Home Insurance
5%
$86
HOA
2%
$29
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0