This property looks like a bad Long-Term investment with a projected -6.72% first-year return on $51,639 initial cash invested.
-6.72%
Cash On Cash
5.84%
Cap Rate
0.87
DSCR
$2,057
Rent
-$289
Cashflow
Cash Flow
$2,057 income − $2,346 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,639
Downpayment
20%
$49,180
Closing costs
1%
$2,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,057
Total Expenses
$2,346
Mortgage P&I
67%
$1,383
Property Taxes
17%
$341
Home Insurance
4%
$87
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0