This property looks like a bad Long-Term investment with a projected -6.96% first-year return on $55,650 initial cash invested.
-6.96%
Cash On Cash
5.05%
Cap Rate
0.82
DSCR
$1,619
Rent
-$323
Cashflow
Cash Flow
$1,619 income − $1,942 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,619
Total Expenses
$1,942
Mortgage P&I
84%
$1,357
Property Taxes
4%
$71
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0