This property looks like a bad Long-Term investment with a projected -10.74% first-year return on $52,605 initial cash invested.
-10.74%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$1,680
Rent
-$471
Cashflow
Cash Flow
$1,680 income − $2,151 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$251k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,605
Downpayment
20%
$50,100
Closing costs
1%
$2,505
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,680
Total Expenses
$2,151
Mortgage P&I
82%
$1,379
Property Taxes
15%
$245
Home Insurance
5%
$90
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0