This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $53,445 initial cash invested.
-16.3%
Cash On Cash
3.64%
Cap Rate
0.54
DSCR
$1,219
Rent
-$726
Cashflow
Cash Flow
$1,219 income − $1,945 expenses = $726 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,445
Downpayment
20%
$50,900
Closing costs
1%
$2,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,219
Total Expenses
$1,945
Mortgage P&I
118%
$1,436
Property Taxes
8%
$101
Home Insurance
7%
$91
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0