This property looks like a bad Long-Term investment with a projected -10.13% first-year return on $55,461 initial cash invested.
-10.13%
Cash On Cash
5.02%
Cap Rate
0.75
DSCR
$1,980
Rent
-$468
Cashflow
Cash Flow
$1,980 income − $2,448 expenses = $468 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,461
Downpayment
20%
$52,820
Closing costs
1%
$2,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,980
Total Expenses
$2,448
Mortgage P&I
74%
$1,474
Property Taxes
18%
$360
Home Insurance
5%
$91
HOA
0%
$8
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0