This property looks like a bad Long-Term investment with a projected -1.21% first-year return on $53,487 initial cash invested.
-1.21%
Cash On Cash
6.74%
Cap Rate
1.03
DSCR
$1,956
Rent
-$54
Cashflow
Cash Flow
$1,956 income − $2,010 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,956
Total Expenses
$2,010
Mortgage P&I
71%
$1,386
Property Taxes
1%
$24
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0