This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $51,975 initial cash invested.
-9.74%
Cash On Cash
4.93%
Cap Rate
0.75
DSCR
$1,758
Rent
-$422
Cashflow
Cash Flow
$1,758 income − $2,180 expenses = $422 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,758
Total Expenses
$2,180
Mortgage P&I
77%
$1,351
Property Taxes
16%
$281
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0