This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $51,702 initial cash invested.
-10.75%
Cash On Cash
4.66%
Cap Rate
0.72
DSCR
$1,860
Rent
-$463
Cashflow
Cash Flow
$1,860 income − $2,323 expenses = $463 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,702
Downpayment
20%
$49,240
Closing costs
1%
$2,462
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,860
Total Expenses
$2,323
Mortgage P&I
71%
$1,327
Property Taxes
24%
$442
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0