This property looks like a bad Long-Term investment with a projected -4.48% first-year return on $52,731 initial cash invested.
-4.48%
Cash On Cash
6.24%
Cap Rate
0.93
DSCR
$2,117
Rent
-$197
Cashflow
Cash Flow
$2,117 income − $2,314 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$251k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,731
Downpayment
20%
$50,220
Closing costs
1%
$2,511
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,117
Total Expenses
$2,314
Mortgage P&I
66%
$1,396
Property Taxes
14%
$297
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0