This property looks like a bad Long-Term investment with a projected -6.01% first-year return on $53,340 initial cash invested.
-6.01%
Cash On Cash
5.93%
Cap Rate
0.88
DSCR
$1,997
Rent
-$267
Cashflow
Cash Flow
$1,997 income − $2,264 expenses = $267 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,340
Downpayment
20%
$50,800
Closing costs
1%
$2,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,997
Total Expenses
$2,264
Mortgage P&I
71%
$1,423
Property Taxes
12%
$232
Home Insurance
4%
$89
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0