This property looks like a bad Long-Term investment with a projected -13.6% first-year return on $52,059 initial cash invested.
-13.6%
Cash On Cash
4.32%
Cap Rate
0.64
DSCR
$1,602
Rent
-$590
Cashflow
Cash Flow
$1,602 income − $2,192 expenses = $590 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,059
Downpayment
20%
$49,580
Closing costs
1%
$2,479
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,602
Total Expenses
$2,192
Mortgage P&I
88%
$1,402
Property Taxes
18%
$286
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0