This property looks like a bad Long-Term investment with a projected -10.83% first-year return on $53,319 initial cash invested.
-10.83%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$1,536
Rent
-$481
Cashflow
Cash Flow
$1,536 income − $2,017 expenses = $481 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,319
Downpayment
20%
$50,780
Closing costs
1%
$2,539
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,536
Total Expenses
$2,017
Mortgage P&I
90%
$1,377
Property Taxes
10%
$160
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0