This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $51,450 initial cash invested.
-8.37%
Cash On Cash
5.37%
Cap Rate
0.8
DSCR
$1,751
Rent
-$359
Cashflow
Cash Flow
$1,751 income − $2,110 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,751
Total Expenses
$2,110
Mortgage P&I
78%
$1,368
Property Taxes
11%
$200
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0