This property looks like a bad Long-Term investment with a projected -9.76% first-year return on $51,870 initial cash invested.
-9.76%
Cash On Cash
4.77%
Cap Rate
0.74
DSCR
$1,634
Rent
-$422
Cashflow
Cash Flow
$1,634 income − $2,056 expenses = $422 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,870
Downpayment
20%
$49,400
Closing costs
1%
$2,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,634
Total Expenses
$2,056
Mortgage P&I
81%
$1,321
Property Taxes
13%
$219
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0