This property looks like a bad Long-Term investment with a projected -4.98% first-year return on $55,650 initial cash invested.
-4.98%
Cash On Cash
5.95%
Cap Rate
0.92
DSCR
$2,383
Rent
-$231
Cashflow
Cash Flow
$2,383 income − $2,614 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,383
Total Expenses
$2,614
Mortgage P&I
60%
$1,426
Property Taxes
20%
$475
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0