This property looks like a bad Long-Term investment with a projected -0.07% first-year return on $52,164 initial cash invested.
-0.07%
Cash On Cash
6.98%
Cap Rate
1.08
DSCR
$2,160
Rent
-$3
Cashflow
Cash Flow
$2,160 income − $2,163 expenses = $3 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,164
Downpayment
20%
$49,680
Closing costs
1%
$2,484
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,160
Total Expenses
$2,163
Mortgage P&I
62%
$1,339
Property Taxes
8%
$174
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0