This property looks like a bad Long-Term investment with a projected -6.49% first-year return on $51,996 initial cash invested.
-6.49%
Cash On Cash
5.81%
Cap Rate
0.88
DSCR
$2,292
Rent
-$281
Cashflow
Cash Flow
$2,292 income − $2,573 expenses = $281 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,996
Downpayment
20%
$49,520
Closing costs
1%
$2,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,292
Total Expenses
$2,573
Mortgage P&I
60%
$1,365
Property Taxes
23%
$523
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0