This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $52,185 initial cash invested.
-8.37%
Cash On Cash
5.31%
Cap Rate
0.8
DSCR
$1,612
Rent
-$364
Cashflow
Cash Flow
$1,612 income − $1,976 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,185
Downpayment
20%
$49,700
Closing costs
1%
$2,485
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,612
Total Expenses
$1,976
Mortgage P&I
86%
$1,382
Property Taxes
5%
$87
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0