This property looks like a bad Long-Term investment with a projected -1.36% first-year return on $51,933 initial cash invested.
-1.36%
Cash On Cash
6.67%
Cap Rate
1.03
DSCR
$1,950
Rent
-$59
Cashflow
Cash Flow
$1,950 income − $2,009 expenses = $59 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
$1,950
Total Expenses
$2,009
Mortgage P&I
68%
$1,335
Property Taxes
4%
$78
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0