This property looks like a bad Long-Term investment with a projected -5.34% first-year return on $51,429 initial cash invested.
-5.34%
Cash On Cash
6.13%
Cap Rate
0.9
DSCR
$1,945
Rent
-$229
Cashflow
Cash Flow
$1,945 income − $2,174 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,945
Total Expenses
$2,174
Mortgage P&I
71%
$1,383
Property Taxes
10%
$200
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0