This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $51,639 initial cash invested.
-8.37%
Cash On Cash
5.41%
Cap Rate
0.8
DSCR
$1,739
Rent
-$360
Cashflow
Cash Flow
$1,739 income − $2,099 expenses = $360 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,639
Downpayment
20%
$49,180
Closing costs
1%
$2,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,739
Total Expenses
$2,099
Mortgage P&I
79%
$1,381
Property Taxes
10%
$180
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0