This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $52,248 initial cash invested.
-11.67%
Cash On Cash
4.13%
Cap Rate
0.67
DSCR
$1,660
Rent
-$508
Cashflow
Cash Flow
$1,660 income − $2,168 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,248
Downpayment
20%
$49,760
Closing costs
1%
$2,488
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,660
Total Expenses
$2,168
Mortgage P&I
77%
$1,281
Property Taxes
22%
$366
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0