This property looks like a bad Long-Term investment with a projected -8.33% first-year return on $52,290 initial cash invested.
-8.33%
Cash On Cash
5.35%
Cap Rate
0.8
DSCR
$1,613
Rent
-$363
Cashflow
Cash Flow
$1,613 income − $1,976 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,613
Total Expenses
$1,976
Mortgage P&I
86%
$1,393
Property Taxes
5%
$76
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0