This property looks like a bad Long-Term investment with a projected -10.81% first-year return on $52,290 initial cash invested.
-10.81%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$1,622
Rent
-$471
Cashflow
Cash Flow
$1,622 income − $2,093 expenses = $471 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,622
Total Expenses
$2,093
Mortgage P&I
85%
$1,379
Property Taxes
7%
$106
Home Insurance
5%
$87
HOA
6%
$100
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0