This property looks like a bad Long-Term investment with a projected -6.92% first-year return on $55,482 initial cash invested.
-6.92%
Cash On Cash
5.44%
Cap Rate
0.84
DSCR
$1,739
Rent
-$320
Cashflow
Cash Flow
$1,739 income − $2,059 expenses = $320 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,482
Downpayment
20%
$52,840
Closing costs
1%
$2,642
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,739
Total Expenses
$2,059
Mortgage P&I
82%
$1,431
Property Taxes
5%
$83
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0