This property looks like a bad Long-Term investment with a projected -8.59% first-year return on $54,054 initial cash invested.
-8.59%
Cash On Cash
4.96%
Cap Rate
0.78
DSCR
$1,623
Rent
-$387
Cashflow
Cash Flow
$1,623 income − $2,010 expenses = $387 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,054
Downpayment
20%
$51,480
Closing costs
1%
$2,574
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,623
Total Expenses
$2,010
Mortgage P&I
84%
$1,370
Property Taxes
6%
$96
Home Insurance
6%
$94
HOA
2%
$29
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0