This property looks like a bad Long-Term investment with a projected -7.94% first-year return on $52,290 initial cash invested.
-7.94%
Cash On Cash
5.6%
Cap Rate
0.83
DSCR
$2,119
Rent
-$346
Cashflow
Cash Flow
$2,119 income − $2,465 expenses = $346 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,119
Total Expenses
$2,465
Mortgage P&I
66%
$1,401
Property Taxes
20%
$426
Home Insurance
4%
$87
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0