This property looks like a bad Long-Term investment with a projected -6.54% first-year return on $53,172 initial cash invested.
-6.54%
Cash On Cash
5.67%
Cap Rate
0.86
DSCR
$1,866
Rent
-$290
Cashflow
Cash Flow
$1,866 income − $2,156 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,172
Downpayment
20%
$50,640
Closing costs
1%
$2,532
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,866
Total Expenses
$2,156
Mortgage P&I
75%
$1,394
Property Taxes
10%
$186
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0