This property looks like a bad Long-Term investment with a projected -3.17% first-year return on $54,138 initial cash invested.
-3.17%
Cash On Cash
5.96%
Cap Rate
0.97
DSCR
$2,085
Rent
-$143
Cashflow
Cash Flow
$2,085 income − $2,228 expenses = $143 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,138
Downpayment
20%
$51,560
Closing costs
1%
$2,578
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,085
Total Expenses
$2,228
Mortgage P&I
63%
$1,320
Property Taxes
13%
$274
Home Insurance
4%
$93
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0