This property looks like a bad Long-Term investment with a projected -3.26% first-year return on $51,975 initial cash invested.
-3.26%
Cash On Cash
6.47%
Cap Rate
0.98
DSCR
$2,234
Rent
-$141
Cashflow
Cash Flow
$2,234 income − $2,375 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,975
Downpayment
20%
$49,500
Closing costs
1%
$2,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,234
Total Expenses
$2,375
Mortgage P&I
61%
$1,364
Property Taxes
15%
$328
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0