This property looks like a bad Long-Term investment with a projected -8.45% first-year return on $52,290 initial cash invested.
-8.45%
Cash On Cash
5.33%
Cap Rate
0.79
DSCR
$1,554
Rent
-$368
Cashflow
Cash Flow
$1,554 income − $1,922 expenses = $368 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,554
Total Expenses
$1,922
Mortgage P&I
90%
$1,397
Property Taxes
2%
$34
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0