This property looks like a bad Long-Term investment with a projected -7.18% first-year return on $51,807 initial cash invested.
-7.18%
Cash On Cash
5.57%
Cap Rate
0.83
DSCR
$1,663
Rent
-$310
Cashflow
Cash Flow
$1,663 income − $1,973 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,807
Downpayment
20%
$49,340
Closing costs
1%
$2,467
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,663
Total Expenses
$1,973
Mortgage P&I
83%
$1,373
Property Taxes
5%
$80
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0