This property looks like a bad Long-Term investment with a projected -9.71% first-year return on $51,639 initial cash invested.
-9.71%
Cash On Cash
4.88%
Cap Rate
0.75
DSCR
$1,512
Rent
-$418
Cashflow
Cash Flow
$1,512 income − $1,930 expenses = $418 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,639
Downpayment
20%
$49,180
Closing costs
1%
$2,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,512
Total Expenses
$1,930
Mortgage P&I
89%
$1,342
Property Taxes
6%
$96
Home Insurance
6%
$88
HOA
1%
$10
Property Management
10%
$151
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0