This property looks like a bad Long-Term investment with a projected -1.13% first-year return on $55,461 initial cash invested.
-1.13%
Cash On Cash
6.63%
Cap Rate
1.04
DSCR
$2,065
Rent
-$52
Cashflow
Cash Flow
$2,065 income − $2,117 expenses = $52 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,461
Downpayment
20%
$52,820
Closing costs
1%
$2,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,065
Total Expenses
$2,117
Mortgage P&I
68%
$1,408
Property Taxes
4%
$79
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0