This property looks like a bad Long-Term investment with a projected -13% first-year return on $55,650 initial cash invested.
-13%
Cash On Cash
4.38%
Cap Rate
0.66
DSCR
$1,990
Rent
-$603
Cashflow
Cash Flow
$1,990 income − $2,593 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,990
Total Expenses
$2,593
Mortgage P&I
74%
$1,471
Property Taxes
25%
$503
Home Insurance
5%
$93
HOA
0%
$8
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$119
Maintenance
5%
$100
Other
0%
$0