This property looks like a bad Long-Term investment with a projected -7.24% first-year return on $51,387 initial cash invested.
-7.24%
Cash On Cash
5.69%
Cap Rate
0.84
DSCR
$1,693
Rent
-$310
Cashflow
Cash Flow
$1,693 income − $2,003 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,387
Downpayment
20%
$48,940
Closing costs
1%
$2,447
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,693
Total Expenses
$2,003
Mortgage P&I
82%
$1,386
Property Taxes
5%
$89
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0