This property looks like a bad Long-Term investment with a projected -7.66% first-year return on $52,290 initial cash invested.
-7.66%
Cash On Cash
5.39%
Cap Rate
0.83
DSCR
$2,094
Rent
-$334
Cashflow
Cash Flow
$2,094 income − $2,428 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,094
Total Expenses
$2,428
Mortgage P&I
64%
$1,347
Property Taxes
21%
$449
Home Insurance
4%
$87
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0