This property looks like a bad Long-Term investment with a projected -10.23% first-year return on $52,101 initial cash invested.
-10.23%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$1,652
Rent
-$444
Cashflow
Cash Flow
$1,652 income − $2,096 expenses = $444 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,101
Downpayment
20%
$49,620
Closing costs
1%
$2,481
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,652
Total Expenses
$2,096
Mortgage P&I
83%
$1,365
Property Taxes
8%
$124
Home Insurance
5%
$88
HOA
5%
$89
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0