This property looks like a bad Long-Term investment with a projected -14.23% first-year return on $55,230 initial cash invested.
-14.23%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$1,930
Rent
-$655
Cashflow
Cash Flow
$1,930 income − $2,585 expenses = $655 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,230
Downpayment
20%
$52,600
Closing costs
1%
$2,630
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$2,585
Mortgage P&I
75%
$1,457
Property Taxes
25%
$489
Home Insurance
6%
$122
HOA
1%
$16
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0