This property looks like a bad Long-Term investment with a projected -4.99% first-year return on $51,492 initial cash invested.
-4.99%
Cash On Cash
6.15%
Cap Rate
0.91
DSCR
$1,930
Rent
-$214
Cashflow
Cash Flow
$1,930 income − $2,144 expenses = $214 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,492
Downpayment
20%
$49,040
Closing costs
1%
$2,452
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$2,144
Mortgage P&I
71%
$1,375
Property Taxes
9%
$180
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0