This property looks like a bad Long-Term investment with a projected -19.97% first-year return on $52,164 initial cash invested.
-19.97%
Cash On Cash
2.79%
Cap Rate
0.42
DSCR
$1,373
Rent
-$868
Cashflow
Cash Flow
$1,373 income − $2,241 expenses = $868 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,373
Total Expenses
$2,241
Mortgage P&I
100%
$1,377
Property Taxes
31%
$425
Home Insurance
6%
$82
HOA
0%
$0
Property Management
10%
$137
CapEx
5%
$69
Vacancy
6%
$82
Maintenance
5%
$69
Other
0%
$0