This property looks like a bad Long-Term investment with a projected -13.62% first-year return on $51,975 initial cash invested.
-13.62%
Cash On Cash
4.11%
Cap Rate
0.62
DSCR
$1,375
Rent
-$590
Cashflow
Cash Flow
$1,375 income − $1,965 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,375
Total Expenses
$1,965
Mortgage P&I
99%
$1,368
Property Taxes
11%
$152
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$82
Maintenance
5%
$69
Other
0%
$0