This property looks like a bad Long-Term investment with a projected -3.74% first-year return on $51,996 initial cash invested.
-3.74%
Cash On Cash
6.11%
Cap Rate
0.95
DSCR
$2,015
Rent
-$162
Cashflow
Cash Flow
$2,015 income − $2,177 expenses = $162 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,996
Downpayment
20%
$49,520
Closing costs
1%
$2,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,015
Total Expenses
$2,177
Mortgage P&I
66%
$1,322
Property Taxes
12%
$232
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0