This property looks like a bad Long-Term investment with a projected -8.56% first-year return on $51,597 initial cash invested.
-8.56%
Cash On Cash
5.4%
Cap Rate
0.8
DSCR
$1,807
Rent
-$368
Cashflow
Cash Flow
$1,807 income − $2,175 expenses = $368 out of pocket
Investment Breakdown
|
Purchase Price
$246k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,597
Downpayment
20%
$49,140
Closing costs
1%
$2,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,807
Total Expenses
$2,175
Mortgage P&I
77%
$1,383
Property Taxes
13%
$234
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0