This property looks like a bad Long-Term investment with a projected -3.43% first-year return on $51,450 initial cash invested.
-3.43%
Cash On Cash
6.29%
Cap Rate
0.97
DSCR
$2,190
Rent
-$147
Cashflow
Cash Flow
$2,190 income − $2,337 expenses = $147 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
$2,190
Total Expenses
$2,337
Mortgage P&I
60%
$1,322
Property Taxes
16%
$359
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$131
Maintenance
5%
$110
Other
0%
$0