This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $51,618 initial cash invested.
-12.14%
Cash On Cash
4.53%
Cap Rate
0.67
DSCR
$1,503
Rent
-$522
Cashflow
Cash Flow
$1,503 income − $2,025 expenses = $522 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,618
Downpayment
20%
$49,160
Closing costs
1%
$2,458
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,503
Total Expenses
$2,025
Mortgage P&I
91%
$1,375
Property Taxes
11%
$171
Home Insurance
6%
$89
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0