This property looks like a bad Long-Term investment with a projected -1.94% first-year return on $55,629 initial cash invested.
-1.94%
Cash On Cash
6.2%
Cap Rate
1.02
DSCR
$2,319
Rent
-$90
Cashflow
Cash Flow
$2,319 income − $2,409 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,319
Total Expenses
$2,409
Mortgage P&I
58%
$1,342
Property Taxes
16%
$371
Home Insurance
4%
$93
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0