This property looks like a bad Long-Term investment with a projected -13.03% first-year return on $51,660 initial cash invested.
-13.03%
Cash On Cash
4.36%
Cap Rate
0.64
DSCR
$1,370
Rent
-$561
Cashflow
Cash Flow
$1,370 income − $1,931 expenses = $561 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,660
Downpayment
20%
$49,200
Closing costs
1%
$2,460
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,370
Total Expenses
$1,931
Mortgage P&I
101%
$1,387
Property Taxes
7%
$102
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$137
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0