This property looks like a bad Long-Term investment with a projected -5.4% first-year return on $51,765 initial cash invested.
-5.4%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$1,716
Rent
-$233
Cashflow
Cash Flow
$1,716 income − $1,949 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,765
Downpayment
20%
$49,300
Closing costs
1%
$2,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,716
Total Expenses
$1,949
Mortgage P&I
78%
$1,345
Property Taxes
4%
$69
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0