This property looks like a bad Long-Term investment with a projected -5.08% first-year return on $52,227 initial cash invested.
-5.08%
Cash On Cash
6.22%
Cap Rate
0.94
DSCR
$2,644
Rent
-$221
Cashflow
Cash Flow
$2,644 income − $2,865 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,227
Downpayment
20%
$49,740
Closing costs
1%
$2,487
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,644
Total Expenses
$2,865
Mortgage P&I
52%
$1,378
Property Taxes
27%
$712
Home Insurance
3%
$88
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0