This property looks like a bad Long-Term investment with a projected -10.45% first-year return on $51,450 initial cash invested.
-10.45%
Cash On Cash
5.01%
Cap Rate
0.74
DSCR
$1,746
Rent
-$448
Cashflow
Cash Flow
$1,746 income − $2,194 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,746
Total Expenses
$2,194
Mortgage P&I
79%
$1,384
Property Taxes
15%
$270
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0