This property looks like a bad Long-Term investment with a projected -1.43% first-year return on $51,912 initial cash invested.
-1.43%
Cash On Cash
6.54%
Cap Rate
1.03
DSCR
$1,925
Rent
-$62
Cashflow
Cash Flow
$1,925 income − $1,987 expenses = $62 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,912
Downpayment
20%
$49,440
Closing costs
1%
$2,472
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,925
Total Expenses
$1,987
Mortgage P&I
68%
$1,313
Property Taxes
7%
$128
Home Insurance
2%
$46
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0