This property looks like a bad Long-Term investment with a projected -10.85% first-year return on $52,206 initial cash invested.
-10.85%
Cash On Cash
4.61%
Cap Rate
0.72
DSCR
$1,929
Rent
-$472
Cashflow
Cash Flow
$1,929 income − $2,401 expenses = $472 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,206
Downpayment
20%
$49,720
Closing costs
1%
$2,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,929
Total Expenses
$2,401
Mortgage P&I
69%
$1,331
Property Taxes
25%
$478
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0