This property looks like a bad Long-Term investment with a projected -1.35% first-year return on $51,450 initial cash invested.
-1.35%
Cash On Cash
7%
Cap Rate
1.03
DSCR
$1,962
Rent
-$58
Cashflow
Cash Flow
$1,962 income − $2,020 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$2,020
Mortgage P&I
71%
$1,390
Property Taxes
2%
$34
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0