This property looks like a bad Long-Term investment with a projected -5.93% first-year return on $51,576 initial cash invested.
-5.93%
Cash On Cash
5.79%
Cap Rate
0.87
DSCR
$1,645
Rent
-$255
Cashflow
Cash Flow
$1,645 income − $1,900 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,576
Downpayment
20%
$49,120
Closing costs
1%
$2,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,645
Total Expenses
$1,900
Mortgage P&I
82%
$1,357
Property Taxes
3%
$53
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0