This property looks like a bad Long-Term investment with a projected -4.03% first-year return on $51,450 initial cash invested.
-4.03%
Cash On Cash
6.15%
Cap Rate
0.95
DSCR
$2,238
Rent
-$173
Cashflow
Cash Flow
$2,238 income − $2,411 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$2,411
Mortgage P&I
59%
$1,316
Property Taxes
19%
$427
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0