This property looks like a bad Long-Term investment with a projected -6.87% first-year return on $52,206 initial cash invested.
-6.87%
Cash On Cash
5.52%
Cap Rate
0.86
DSCR
$2,096
Rent
-$299
Cashflow
Cash Flow
$2,096 income − $2,395 expenses = $299 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,206
Downpayment
20%
$49,720
Closing costs
1%
$2,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,096
Total Expenses
$2,395
Mortgage P&I
64%
$1,338
Property Taxes
21%
$437
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0