This property looks like a bad Long-Term investment with a projected -4.66% first-year return on $54,285 initial cash invested.
-4.66%
Cash On Cash
5.58%
Cap Rate
0.9
DSCR
$1,687
Rent
-$211
Cashflow
Cash Flow
$1,687 income − $1,898 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,285
Downpayment
20%
$51,700
Closing costs
1%
$2,585
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,687
Total Expenses
$1,898
Mortgage P&I
79%
$1,328
Property Taxes
2%
$39
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0