This property looks like a bad Long-Term investment with a projected -5.63% first-year return on $51,576 initial cash invested.
-5.63%
Cash On Cash
5.48%
Cap Rate
0.87
DSCR
$1,619
Rent
-$242
Cashflow
Cash Flow
$1,619 income − $1,861 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,619
Total Expenses
$1,861
Mortgage P&I
79%
$1,283
Property Taxes
5%
$75
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0