This property looks like a bad Long-Term investment with a projected -7.32% first-year return on $53,424 initial cash invested.
-7.32%
Cash On Cash
5.7%
Cap Rate
0.84
DSCR
$1,815
Rent
-$326
Cashflow
Cash Flow
$1,815 income − $2,141 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,424
Downpayment
20%
$50,880
Closing costs
1%
$2,544
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,815
Total Expenses
$2,141
Mortgage P&I
80%
$1,443
Property Taxes
7%
$134
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0