This property looks like a bad Long-Term investment with a projected -7.28% first-year return on $51,576 initial cash invested.
-7.28%
Cash On Cash
5.48%
Cap Rate
0.85
DSCR
$2,401
Rent
-$313
Cashflow
Cash Flow
$2,401 income − $2,714 expenses = $313 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,576
Downpayment
20%
$49,120
Closing costs
1%
$2,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,401
Total Expenses
$2,714
Mortgage P&I
55%
$1,315
Property Taxes
30%
$712
Home Insurance
3%
$63
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0