This property looks like a bad Long-Term investment with a projected -14.1% first-year return on $53,718 initial cash invested.
-14.1%
Cash On Cash
3.8%
Cap Rate
0.59
DSCR
$1,409
Rent
-$631
Cashflow
Cash Flow
$1,409 income − $2,040 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,718
Downpayment
20%
$51,160
Closing costs
1%
$2,558
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,409
Total Expenses
$2,040
Mortgage P&I
97%
$1,370
Property Taxes
15%
$216
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$141
CapEx
5%
$70
Vacancy
6%
$85
Maintenance
5%
$70
Other
0%
$0