This property looks like a bad Long-Term investment with a projected -2.42% first-year return on $52,038 initial cash invested.
-2.42%
Cash On Cash
6.72%
Cap Rate
0.99
DSCR
$1,944
Rent
-$105
Cashflow
Cash Flow
$1,944 income − $2,049 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,038
Downpayment
20%
$49,560
Closing costs
1%
$2,478
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,944
Total Expenses
$2,049
Mortgage P&I
72%
$1,395
Property Taxes
2%
$36
Home Insurance
5%
$96
HOA
1%
$17
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0