This property looks like a bad Long-Term investment with a projected -11.5% first-year return on $51,639 initial cash invested.
-11.5%
Cash On Cash
4.53%
Cap Rate
0.69
DSCR
$1,700
Rent
-$495
Cashflow
Cash Flow
$1,700 income − $2,195 expenses = $495 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,700
Total Expenses
$2,195
Mortgage P&I
79%
$1,339
Property Taxes
19%
$321
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0