This property looks like a bad Long-Term investment with a projected -4.08% first-year return on $51,786 initial cash invested.
-4.08%
Cash On Cash
6.39%
Cap Rate
0.94
DSCR
$1,897
Rent
-$176
Cashflow
Cash Flow
$1,897 income − $2,073 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$247k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$51,786
Downpayment
20%
$49,320
Closing costs
1%
$2,466
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,897
Total Expenses
$2,073
Mortgage P&I
73%
$1,394
Property Taxes
5%
$97
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0