This property looks like a bad Long-Term investment with a projected -6% first-year return on $54,222 initial cash invested.
-6%
Cash On Cash
5.91%
Cap Rate
0.88
DSCR
$1,965
Rent
-$271
Cashflow
Cash Flow
$1,965 income − $2,236 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,222
Downpayment
20%
$51,640
Closing costs
1%
$2,582
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,965
Total Expenses
$2,236
Mortgage P&I
73%
$1,444
Property Taxes
8%
$154
Home Insurance
5%
$92
HOA
2%
$36
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0