This property looks like a bad Long-Term investment with a projected -9.08% first-year return on $52,059 initial cash invested.
-9.08%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$1,622
Rent
-$394
Cashflow
Cash Flow
$1,622 income − $2,016 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,059
Downpayment
20%
$49,580
Closing costs
1%
$2,479
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,622
Total Expenses
$2,016
Mortgage P&I
86%
$1,392
Property Taxes
7%
$115
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0