This property looks like a bad Long-Term investment with a projected -1.36% first-year return on $53,130 initial cash invested.
-1.36%
Cash On Cash
7.11%
Cap Rate
1.07
DSCR
$3,132
Rent
-$60
Cashflow
Cash Flow
$3,132 income − $3,192 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,130
Downpayment
20%
$50,600
Closing costs
1%
$2,530
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,132
Total Expenses
$3,192
Mortgage P&I
45%
$1,403
Property Taxes
26%
$825
Home Insurance
5%
$149
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0