This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $54,390 initial cash invested.
-16.39%
Cash On Cash
3.52%
Cap Rate
0.53
DSCR
$1,535
Rent
-$743
Cashflow
Cash Flow
$1,535 income − $2,278 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,535
Total Expenses
$2,278
Mortgage P&I
93%
$1,425
Property Taxes
24%
$362
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0