This property looks like a bad Long-Term investment with a projected -7.74% first-year return on $51,765 initial cash invested.
-7.74%
Cash On Cash
5.22%
Cap Rate
0.81
DSCR
$1,664
Rent
-$334
Cashflow
Cash Flow
$1,664 income − $1,998 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,765
Downpayment
20%
$49,300
Closing costs
1%
$2,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,664
Total Expenses
$1,998
Mortgage P&I
80%
$1,323
Property Taxes
8%
$129
Home Insurance
7%
$114
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0