This property looks like a bad Long-Term investment with a projected -8.13% first-year return on $51,492 initial cash invested.
-8.13%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$1,542
Rent
-$349
Cashflow
Cash Flow
$1,542 income − $1,891 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,492
Downpayment
20%
$49,040
Closing costs
1%
$2,452
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,542
Total Expenses
$1,891
Mortgage P&I
86%
$1,322
Property Taxes
4%
$69
Home Insurance
6%
$88
HOA
1%
$11
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0