This property looks like a bad Long-Term investment with a projected -22.68% first-year return on $53,550 initial cash invested.
-22.68%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$1,202
Rent
-$1,012
Cashflow
Cash Flow
$1,202 income − $2,214 expenses = $1,012 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,202
Total Expenses
$2,214
Mortgage P&I
114%
$1,368
Property Taxes
34%
$405
Home Insurance
11%
$129
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0