This property looks like a bad Long-Term investment with a projected -4.56% first-year return on $51,555 initial cash invested.
-4.56%
Cash On Cash
6.22%
Cap Rate
0.93
DSCR
$2,111
Rent
-$196
Cashflow
Cash Flow
$2,111 income − $2,307 expenses = $196 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,555
Downpayment
20%
$49,100
Closing costs
1%
$2,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,111
Total Expenses
$2,307
Mortgage P&I
65%
$1,363
Property Taxes
15%
$308
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0