This property looks like a bad Long-Term investment with a projected -5.8% first-year return on $54,243 initial cash invested.
-5.8%
Cash On Cash
5.8%
Cap Rate
0.89
DSCR
$2,006
Rent
-$262
Cashflow
Cash Flow
$2,006 income − $2,268 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,243
Downpayment
20%
$51,660
Closing costs
1%
$2,583
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,006
Total Expenses
$2,268
Mortgage P&I
70%
$1,411
Property Taxes
12%
$245
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0