This property looks like a bad Long-Term investment with a projected -8.69% first-year return on $53,550 initial cash invested.
-8.69%
Cash On Cash
4.75%
Cap Rate
0.76
DSCR
$1,532
Rent
-$388
Cashflow
Cash Flow
$1,532 income − $1,920 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,532
Total Expenses
$1,920
Mortgage P&I
86%
$1,320
Property Taxes
7%
$112
Home Insurance
6%
$89
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0