This property looks like a bad Long-Term investment with a projected -10.02% first-year return on $55,188 initial cash invested.
-10.02%
Cash On Cash
4.36%
Cap Rate
0.72
DSCR
$1,887
Rent
-$461
Cashflow
Cash Flow
$1,887 income − $2,348 expenses = $461 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,188
Downpayment
20%
$52,560
Closing costs
1%
$2,628
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,887
Total Expenses
$2,348
Mortgage P&I
70%
$1,322
Property Taxes
23%
$442
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0