This property looks like a bad Long-Term investment with a projected -13.05% first-year return on $52,059 initial cash invested.
-13.05%
Cash On Cash
4.47%
Cap Rate
0.66
DSCR
$1,871
Rent
-$566
Cashflow
Cash Flow
$1,871 income − $2,437 expenses = $566 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,059
Downpayment
20%
$49,580
Closing costs
1%
$2,479
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,871
Total Expenses
$2,437
Mortgage P&I
75%
$1,395
Property Taxes
25%
$468
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0