This property looks like a bad Long-Term investment with a projected -11.62% first-year return on $51,450 initial cash invested.
-11.62%
Cash On Cash
4.54%
Cap Rate
0.68
DSCR
$1,337
Rent
-$498
Cashflow
Cash Flow
$1,337 income − $1,835 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,337
Total Expenses
$1,835
Mortgage P&I
101%
$1,357
Property Taxes
3%
$44
Home Insurance
6%
$86
HOA
0%
$0
Property Management
10%
$134
CapEx
5%
$67
Vacancy
6%
$80
Maintenance
5%
$67
Other
0%
$0