This property looks like a bad Long-Term investment with a projected -7.4% first-year return on $54,033 initial cash invested.
-7.4%
Cash On Cash
5.49%
Cap Rate
0.83
DSCR
$1,783
Rent
-$333
Cashflow
Cash Flow
$1,783 income − $2,116 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,033
Downpayment
20%
$51,460
Closing costs
1%
$2,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,783
Total Expenses
$2,116
Mortgage P&I
80%
$1,422
Property Taxes
8%
$149
Home Insurance
5%
$82
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0