This property looks like a bad Long-Term investment with a projected -1.53% first-year return on $51,828 initial cash invested.
-1.53%
Cash On Cash
6.55%
Cap Rate
1.04
DSCR
$2,322
Rent
-$66
Cashflow
Cash Flow
$2,322 income − $2,388 expenses = $66 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,828
Downpayment
20%
$49,360
Closing costs
1%
$2,468
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,322
Total Expenses
$2,388
Mortgage P&I
56%
$1,297
Property Taxes
17%
$390
Home Insurance
4%
$98
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0