This property looks like a bad Long-Term investment with a projected -4.8% first-year return on $53,970 initial cash invested.
-4.8%
Cash On Cash
5.65%
Cap Rate
0.91
DSCR
$1,794
Rent
-$216
Cashflow
Cash Flow
$1,794 income − $2,010 expenses = $216 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,970
Downpayment
20%
$51,400
Closing costs
1%
$2,570
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,794
Total Expenses
$2,010
Mortgage P&I
74%
$1,336
Property Taxes
6%
$114
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0