This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $53,172 initial cash invested.
-11.94%
Cash On Cash
4.53%
Cap Rate
0.68
DSCR
$1,403
Rent
-$529
Cashflow
Cash Flow
$1,403 income − $1,932 expenses = $529 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,403
Total Expenses
$1,932
Mortgage P&I
101%
$1,415
Property Taxes
4%
$62
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0