This property looks like a bad Long-Term investment with a projected -7.79% first-year return on $54,390 initial cash invested.
-7.79%
Cash On Cash
4.8%
Cap Rate
0.79
DSCR
$1,590
Rent
-$353
Cashflow
Cash Flow
$1,590 income − $1,943 expenses = $353 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,590
Total Expenses
$1,943
Mortgage P&I
82%
$1,310
Property Taxes
8%
$128
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$95
Maintenance
5%
$80
Other
0%
$0