This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $51,765 initial cash invested.
-8.28%
Cash On Cash
5.32%
Cap Rate
0.81
DSCR
$1,873
Rent
-$357
Cashflow
Cash Flow
$1,873 income − $2,230 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,873
Total Expenses
$2,230
Mortgage P&I
72%
$1,355
Property Taxes
17%
$316
Home Insurance
4%
$72
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0