This property looks like a bad Long-Term investment with a projected -9.69% first-year return on $55,587 initial cash invested.
-9.69%
Cash On Cash
4.83%
Cap Rate
0.75
DSCR
$1,800
Rent
-$449
Cashflow
Cash Flow
$1,800 income − $2,249 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,587
Downpayment
20%
$52,940
Closing costs
1%
$2,647
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,800
Total Expenses
$2,249
Mortgage P&I
79%
$1,424
Property Taxes
15%
$264
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0