This property looks like a bad Long-Term investment with a projected -13.56% first-year return on $53,550 initial cash invested.
-13.56%
Cash On Cash
4.16%
Cap Rate
0.62
DSCR
$1,348
Rent
-$605
Cashflow
Cash Flow
$1,348 income − $1,953 expenses = $605 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,348
Total Expenses
$1,953
Mortgage P&I
105%
$1,421
Property Taxes
7%
$93
Home Insurance
7%
$89
HOA
0%
$0
Property Management
10%
$135
CapEx
5%
$67
Vacancy
6%
$81
Maintenance
5%
$67
Other
0%
$0