This property looks like a bad Long-Term investment with a projected -4.2% first-year return on $52,227 initial cash invested.
-4.2%
Cash On Cash
6.26%
Cap Rate
0.96
DSCR
$2,659
Rent
-$183
Cashflow
Cash Flow
$2,659 income − $2,842 expenses = $183 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,227
Downpayment
20%
$49,740
Closing costs
1%
$2,487
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,659
Total Expenses
$2,842
Mortgage P&I
51%
$1,347
Property Taxes
27%
$715
Home Insurance
3%
$88
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0