This property looks like a bad Long-Term investment with a projected -8% first-year return on $51,891 initial cash invested.
-8%
Cash On Cash
5.21%
Cap Rate
0.82
DSCR
$2,053
Rent
-$346
Cashflow
Cash Flow
$2,053 income − $2,399 expenses = $346 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,891
Downpayment
20%
$49,420
Closing costs
1%
$2,471
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,053
Total Expenses
$2,399
Mortgage P&I
64%
$1,315
Property Taxes
24%
$484
Home Insurance
3%
$66
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0