This property looks like a bad Long-Term investment with a projected -8.71% first-year return on $55,125 initial cash invested.
-8.71%
Cash On Cash
5.04%
Cap Rate
0.78
DSCR
$1,710
Rent
-$400
Cashflow
Cash Flow
$1,710 income − $2,110 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,125
Downpayment
20%
$52,500
Closing costs
1%
$2,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,710
Total Expenses
$2,110
Mortgage P&I
83%
$1,416
Property Taxes
10%
$178
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0