This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $52,689 initial cash invested.
-9.45%
Cash On Cash
4.88%
Cap Rate
0.76
DSCR
$2,009
Rent
-$415
Cashflow
Cash Flow
$2,009 income − $2,424 expenses = $415 out of pocket
Investment Breakdown
|
Purchase Price
$251k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,689
Downpayment
20%
$50,180
Closing costs
1%
$2,509
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,009
Total Expenses
$2,424
Mortgage P&I
66%
$1,335
Property Taxes
24%
$474
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0