This property looks like a bad Long-Term investment with a projected -14.63% first-year return on $52,080 initial cash invested.
-14.63%
Cash On Cash
4.04%
Cap Rate
0.6
DSCR
$1,461
Rent
-$635
Cashflow
Cash Flow
$1,461 income − $2,096 expenses = $635 out of pocket
Investment Breakdown
|
Purchase Price
$248k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,080
Downpayment
20%
$49,600
Closing costs
1%
$2,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,461
Total Expenses
$2,096
Mortgage P&I
96%
$1,396
Property Taxes
16%
$233
Home Insurance
6%
$87
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0