This property looks like a bad Long-Term investment with a projected -13% first-year return on $51,429 initial cash invested.
-13%
Cash On Cash
4.36%
Cap Rate
0.66
DSCR
$1,781
Rent
-$557
Cashflow
Cash Flow
$1,781 income − $2,338 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,781
Total Expenses
$2,338
Mortgage P&I
76%
$1,357
Property Taxes
14%
$247
Home Insurance
5%
$86
HOA
10%
$185
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0