This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $53,067 initial cash invested.
-8.98%
Cash On Cash
5.33%
Cap Rate
0.78
DSCR
$1,607
Rent
-$397
Cashflow
Cash Flow
$1,607 income − $2,004 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,067
Downpayment
20%
$50,540
Closing costs
1%
$2,527
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,607
Total Expenses
$2,004
Mortgage P&I
90%
$1,439
Property Taxes
4%
$60
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0