This property looks like a bad Long-Term investment with a projected -5.06% first-year return on $54,285 initial cash invested.
-5.06%
Cash On Cash
5.64%
Cap Rate
0.91
DSCR
$2,058
Rent
-$229
Cashflow
Cash Flow
$2,058 income − $2,287 expenses = $229 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,285
Downpayment
20%
$51,700
Closing costs
1%
$2,585
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,058
Total Expenses
$2,287
Mortgage P&I
65%
$1,341
Property Taxes
16%
$321
Home Insurance
4%
$90
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0