This property looks like a bad Long-Term investment with a projected -9% first-year return on $53,487 initial cash invested.
-9%
Cash On Cash
5.28%
Cap Rate
0.79
DSCR
$2,214
Rent
-$401
Cashflow
Cash Flow
$2,214 income − $2,615 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,487
Downpayment
20%
$50,940
Closing costs
1%
$2,547
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$2,615
Mortgage P&I
64%
$1,410
Property Taxes
24%
$538
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0