This property looks like a bad Long-Term investment with a projected -10.85% first-year return on $51,555 initial cash invested.
-10.85%
Cash On Cash
4.84%
Cap Rate
0.73
DSCR
$1,822
Rent
-$466
Cashflow
Cash Flow
$1,822 income − $2,288 expenses = $466 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
$1,822
Total Expenses
$2,288
Mortgage P&I
75%
$1,366
Property Taxes
20%
$361
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0