This property looks like a bad Long-Term investment with a projected -13.77% first-year return on $51,429 initial cash invested.
-13.77%
Cash On Cash
4.09%
Cap Rate
0.61
DSCR
$1,293
Rent
-$590
Cashflow
Cash Flow
$1,293 income − $1,883 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,293
Total Expenses
$1,883
Mortgage P&I
105%
$1,360
Property Taxes
7%
$92
Home Insurance
7%
$94
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0