This property looks like a bad Long-Term investment with a projected -0.74% first-year return on $51,933 initial cash invested.
-0.74%
Cash On Cash
7.18%
Cap Rate
1.05
DSCR
$2,130
Rent
-$32
Cashflow
Cash Flow
$2,130 income − $2,162 expenses = $32 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,933
Downpayment
20%
$49,460
Closing costs
1%
$2,473
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,130
Total Expenses
$2,162
Mortgage P&I
66%
$1,405
Property Taxes
5%
$116
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0