This property looks like a bad Long-Term investment with a projected -11.35% first-year return on $52,038 initial cash invested.
-11.35%
Cash On Cash
4.77%
Cap Rate
0.7
DSCR
$1,473
Rent
-$492
Cashflow
Cash Flow
$1,473 income − $1,965 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,038
Downpayment
20%
$49,560
Closing costs
1%
$2,478
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,473
Total Expenses
$1,965
Mortgage P&I
95%
$1,403
Property Taxes
6%
$91
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0