This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $54,012 initial cash invested.
-6.38%
Cash On Cash
5.59%
Cap Rate
0.86
DSCR
$1,942
Rent
-$287
Cashflow
Cash Flow
$1,942 income − $2,229 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,012
Downpayment
20%
$51,440
Closing costs
1%
$2,572
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,942
Total Expenses
$2,229
Mortgage P&I
71%
$1,388
Property Taxes
13%
$248
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0