This property looks like a bad Long-Term investment with a projected -1.54% first-year return on $52,164 initial cash invested.
-1.54%
Cash On Cash
6.64%
Cap Rate
1.03
DSCR
$2,245
Rent
-$67
Cashflow
Cash Flow
$2,245 income − $2,312 expenses = $67 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,164
Downpayment
20%
$49,680
Closing costs
1%
$2,484
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,245
Total Expenses
$2,312
Mortgage P&I
59%
$1,329
Property Taxes
14%
$312
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0