This property looks like a bad Long-Term investment with a projected -9.55% first-year return on $55,650 initial cash invested.
-9.55%
Cash On Cash
4.91%
Cap Rate
0.75
DSCR
$1,549
Rent
-$443
Cashflow
Cash Flow
$1,549 income − $1,992 expenses = $443 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,549
Total Expenses
$1,992
Mortgage P&I
94%
$1,451
Property Taxes
3%
$46
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0