This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $51,933 initial cash invested.
-13.24%
Cash On Cash
4.06%
Cap Rate
0.63
DSCR
$1,626
Rent
-$573
Cashflow
Cash Flow
$1,626 income − $2,199 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,933
Downpayment
20%
$49,460
Closing costs
1%
$2,473
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,626
Total Expenses
$2,199
Mortgage P&I
82%
$1,328
Property Taxes
14%
$221
Home Insurance
14%
$227
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0