This property looks like a bad Long-Term investment with a projected -4.58% first-year return on $51,870 initial cash invested.
-4.58%
Cash On Cash
5.82%
Cap Rate
0.93
DSCR
$2,012
Rent
-$198
Cashflow
Cash Flow
$2,012 income − $2,210 expenses = $198 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,870
Downpayment
20%
$49,400
Closing costs
1%
$2,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,012
Total Expenses
$2,210
Mortgage P&I
64%
$1,295
Property Taxes
15%
$305
Home Insurance
4%
$86
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0