This property looks like a bad Long-Term investment with a projected -8.06% first-year return on $55,524 initial cash invested.
-8.06%
Cash On Cash
5.51%
Cap Rate
0.81
DSCR
$1,671
Rent
-$373
Cashflow
Cash Flow
$1,671 income − $2,044 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,524
Downpayment
20%
$52,880
Closing costs
1%
$2,644
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,671
Total Expenses
$2,044
Mortgage P&I
90%
$1,502
Property Taxes
1%
$14
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0