This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $51,450 initial cash invested.
-13.11%
Cash On Cash
4.44%
Cap Rate
0.65
DSCR
$1,629
Rent
-$562
Cashflow
Cash Flow
$1,629 income − $2,191 expenses = $562 out of pocket
Investment Breakdown
|
Purchase Price
$245k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,629
Total Expenses
$2,191
Mortgage P&I
85%
$1,387
Property Taxes
18%
$295
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0