This property looks like a bad Long-Term investment with a projected -4.44% first-year return on $55,650 initial cash invested.
-4.44%
Cash On Cash
6.22%
Cap Rate
0.93
DSCR
$2,023
Rent
-$206
Cashflow
Cash Flow
$2,023 income − $2,229 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,023
Total Expenses
$2,229
Mortgage P&I
73%
$1,478
Property Taxes
7%
$133
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0