This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $52,290 initial cash invested.
-14.37%
Cash On Cash
3.65%
Cap Rate
0.57
DSCR
$1,305
Rent
-$626
Cashflow
Cash Flow
$1,305 income − $1,931 expenses = $626 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,305
Total Expenses
$1,931
Mortgage P&I
101%
$1,319
Property Taxes
14%
$187
Home Insurance
7%
$87
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0