This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $51,429 initial cash invested.
-11.57%
Cash On Cash
4.6%
Cap Rate
0.69
DSCR
$1,625
Rent
-$496
Cashflow
Cash Flow
$1,625 income − $2,121 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,429
Downpayment
20%
$48,980
Closing costs
1%
$2,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,625
Total Expenses
$2,121
Mortgage P&I
83%
$1,353
Property Taxes
16%
$260
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0