This property looks like a bad Long-Term investment with a projected -7.28% first-year return on $51,450 initial cash invested.
-7.28%
Cash On Cash
5.67%
Cap Rate
0.85
DSCR
$2,034
Rent
-$312
Cashflow
Cash Flow
$2,034 income − $2,346 expenses = $312 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,450
Downpayment
20%
$49,000
Closing costs
1%
$2,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,034
Total Expenses
$2,346
Mortgage P&I
67%
$1,368
Property Taxes
18%
$372
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0