This property looks like a bad Long-Term investment with a projected -6.61% first-year return on $53,193 initial cash invested.
-6.61%
Cash On Cash
5.19%
Cap Rate
0.84
DSCR
$1,638
Rent
-$293
Cashflow
Cash Flow
$1,638 income − $1,931 expenses = $293 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,193
Downpayment
20%
$50,660
Closing costs
1%
$2,533
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,638
Total Expenses
$1,931
Mortgage P&I
80%
$1,307
Property Taxes
7%
$107
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0