This property looks like a bad Long-Term investment with a projected -12.69% first-year return on $54,390 initial cash invested.
-12.69%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$1,431
Rent
-$575
Cashflow
Cash Flow
$1,431 income − $2,006 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,431
Total Expenses
$2,006
Mortgage P&I
93%
$1,334
Property Taxes
15%
$208
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0