This property looks like a bad Long-Term investment with a projected -10.72% first-year return on $51,492 initial cash invested.
-10.72%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$1,475
Rent
-$460
Cashflow
Cash Flow
$1,475 income − $1,935 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,492
Downpayment
20%
$49,040
Closing costs
1%
$2,452
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,475
Total Expenses
$1,935
Mortgage P&I
91%
$1,338
Property Taxes
8%
$125
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0