This property looks like a bad Long-Term investment with a projected -6.11% first-year return on $53,193 initial cash invested.
-6.11%
Cash On Cash
5.81%
Cap Rate
0.88
DSCR
$2,116
Rent
-$271
Cashflow
Cash Flow
$2,116 income − $2,387 expenses = $271 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,193
Downpayment
20%
$50,660
Closing costs
1%
$2,533
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,116
Total Expenses
$2,387
Mortgage P&I
66%
$1,391
Property Taxes
17%
$356
Home Insurance
4%
$89
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0