This property looks like a bad Long-Term investment with a projected -5.8% first-year return on $53,403 initial cash invested.
-5.8%
Cash On Cash
5.88%
Cap Rate
0.88
DSCR
$1,870
Rent
-$258
Cashflow
Cash Flow
$1,870 income − $2,128 expenses = $258 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,403
Downpayment
20%
$50,860
Closing costs
1%
$2,543
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,870
Total Expenses
$2,128
Mortgage P&I
75%
$1,410
Property Taxes
8%
$144
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0