This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $51,450 initial cash invested.
-10.05%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$1,772
Rent
-$431
Cashflow
Cash Flow
$1,772 income − $2,203 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,772
Total Expenses
$2,203
Mortgage P&I
75%
$1,337
Property Taxes
18%
$319
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0