This property looks like a bad Long-Term investment with a projected -12.24% first-year return on $51,975 initial cash invested.
-12.24%
Cash On Cash
4.66%
Cap Rate
0.69
DSCR
$1,820
Rent
-$530
Cashflow
Cash Flow
$1,820 income − $2,350 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,820
Total Expenses
$2,350
Mortgage P&I
77%
$1,401
Property Taxes
21%
$388
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0