This property looks like a bad Long-Term investment with a projected -10.39% first-year return on $51,639 initial cash invested.
-10.39%
Cash On Cash
4.36%
Cap Rate
0.71
DSCR
$1,488
Rent
-$447
Cashflow
Cash Flow
$1,488 income − $1,935 expenses = $447 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,639
Downpayment
20%
$49,180
Closing costs
1%
$2,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,488
Total Expenses
$1,935
Mortgage P&I
85%
$1,266
Property Taxes
13%
$194
Home Insurance
6%
$89
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0