This property looks like a bad Long-Term investment with a projected -5.82% first-year return on $55,629 initial cash invested.
-5.82%
Cash On Cash
5.38%
Cap Rate
0.86
DSCR
$1,666
Rent
-$270
Cashflow
Cash Flow
$1,666 income − $1,936 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,666
Total Expenses
$1,936
Mortgage P&I
82%
$1,374
Property Taxes
2%
$36
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0