This property looks like a bad Long-Term investment with a projected -5.15% first-year return on $54,075 initial cash invested.
-5.15%
Cash On Cash
5.96%
Cap Rate
0.9
DSCR
$1,758
Rent
-$232
Cashflow
Cash Flow
$1,758 income − $1,990 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,075
Downpayment
20%
$51,500
Closing costs
1%
$2,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,758
Total Expenses
$1,990
Mortgage P&I
81%
$1,423
Property Taxes
1%
$23
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0