This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $52,290 initial cash invested.
-15.63%
Cash On Cash
3.77%
Cap Rate
0.56
DSCR
$1,418
Rent
-$681
Cashflow
Cash Flow
$1,418 income − $2,099 expenses = $681 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
$1,418
Total Expenses
$2,099
Mortgage P&I
98%
$1,393
Property Taxes
18%
$250
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$85
Maintenance
5%
$71
Other
0%
$0