This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $53,718 initial cash invested.
-7.22%
Cash On Cash
5.31%
Cap Rate
0.84
DSCR
$2,103
Rent
-$323
Cashflow
Cash Flow
$2,103 income − $2,426 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,718
Downpayment
20%
$51,160
Closing costs
1%
$2,558
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,103
Total Expenses
$2,426
Mortgage P&I
64%
$1,350
Property Taxes
21%
$434
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0