This property looks like a bad Long-Term investment with a projected -5.61% first-year return on $53,886 initial cash invested.
-5.61%
Cash On Cash
5.99%
Cap Rate
0.9
DSCR
$2,038
Rent
-$252
Cashflow
Cash Flow
$2,038 income − $2,290 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,886
Downpayment
20%
$51,320
Closing costs
1%
$2,566
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,038
Total Expenses
$2,290
Mortgage P&I
70%
$1,431
Property Taxes
12%
$238
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0