This property looks like a bad Long-Term investment with a projected -4.81% first-year return on $52,164 initial cash invested.
-4.81%
Cash On Cash
6.14%
Cap Rate
0.92
DSCR
$1,951
Rent
-$209
Cashflow
Cash Flow
$1,951 income − $2,160 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,164
Downpayment
20%
$49,680
Closing costs
1%
$2,484
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,951
Total Expenses
$2,160
Mortgage P&I
71%
$1,381
Property Taxes
9%
$182
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0