This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $52,353 initial cash invested.
-6.33%
Cash On Cash
5.81%
Cap Rate
0.87
DSCR
$2,058
Rent
-$276
Cashflow
Cash Flow
$2,058 income − $2,334 expenses = $276 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,353
Downpayment
20%
$49,860
Closing costs
1%
$2,493
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,058
Total Expenses
$2,334
Mortgage P&I
67%
$1,379
Property Taxes
16%
$332
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0