This property looks like a bad Long-Term investment with a projected -8.34% first-year return on $51,954 initial cash invested.
-8.34%
Cash On Cash
5.25%
Cap Rate
0.8
DSCR
$1,696
Rent
-$361
Cashflow
Cash Flow
$1,696 income − $2,057 expenses = $361 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,954
Downpayment
20%
$49,480
Closing costs
1%
$2,474
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,696
Total Expenses
$2,057
Mortgage P&I
80%
$1,358
Property Taxes
9%
$159
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0