This property looks like a bad Long-Term investment with a projected -9.55% first-year return on $55,146 initial cash invested.
-9.55%
Cash On Cash
4.51%
Cap Rate
0.74
DSCR
$1,723
Rent
-$439
Cashflow
Cash Flow
$1,723 income − $2,162 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,146
Downpayment
20%
$52,520
Closing costs
1%
$2,626
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,723
Total Expenses
$2,162
Mortgage P&I
78%
$1,340
Property Taxes
16%
$281
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0