This property looks like a bad Long-Term investment with a projected -0.4% first-year return on $53,970 initial cash invested.
-0.4%
Cash On Cash
6.64%
Cap Rate
1.06
DSCR
$2,072
Rent
-$18
Cashflow
Cash Flow
$2,072 income − $2,090 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,970
Downpayment
20%
$51,400
Closing costs
1%
$2,570
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,072
Total Expenses
$2,090
Mortgage P&I
64%
$1,335
Property Taxes
6%
$125
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0