This property looks like a bad Long-Term investment with a projected -2.64% first-year return on $51,450 initial cash invested.
-2.64%
Cash On Cash
6.31%
Cap Rate
0.98
DSCR
$1,787
Rent
-$113
Cashflow
Cash Flow
$1,787 income − $1,900 expenses = $113 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,787
Total Expenses
$1,900
Mortgage P&I
73%
$1,312
Property Taxes
2%
$38
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0