This property looks like a bad Long-Term investment with a projected -3.97% first-year return on $53,214 initial cash invested.
-3.97%
Cash On Cash
6.33%
Cap Rate
0.94
DSCR
$1,902
Rent
-$176
Cashflow
Cash Flow
$1,902 income − $2,078 expenses = $176 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,214
Downpayment
20%
$50,680
Closing costs
1%
$2,534
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,902
Total Expenses
$2,078
Mortgage P&I
75%
$1,417
Property Taxes
4%
$76
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0