This property looks like a bad Long-Term investment with a projected -6.62% first-year return on $55,650 initial cash invested.
-6.62%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$1,672
Rent
-$307
Cashflow
Cash Flow
$1,672 income − $1,979 expenses = $307 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,672
Total Expenses
$1,979
Mortgage P&I
81%
$1,357
Property Taxes
6%
$94
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0