This property looks like a bad Long-Term investment with a projected -4.72% first-year return on $53,130 initial cash invested.
-4.72%
Cash On Cash
5.84%
Cap Rate
0.92
DSCR
$1,908
Rent
-$209
Cashflow
Cash Flow
$1,908 income − $2,117 expenses = $209 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,130
Downpayment
20%
$50,600
Closing costs
1%
$2,530
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,908
Total Expenses
$2,117
Mortgage P&I
70%
$1,345
Property Taxes
10%
$188
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0