This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $55,650 initial cash invested.
-15.09%
Cash On Cash
3.36%
Cap Rate
0.54
DSCR
$1,168
Rent
-$700
Cashflow
Cash Flow
$1,168 income − $1,868 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,168
Total Expenses
$1,868
Mortgage P&I
118%
$1,384
Property Taxes
8%
$88
Home Insurance
8%
$93
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0