This property looks like a bad Long-Term investment with a projected -2.78% first-year return on $55,314 initial cash invested.
-2.78%
Cash On Cash
6.13%
Cap Rate
0.98
DSCR
$1,974
Rent
-$128
Cashflow
Cash Flow
$1,974 income − $2,102 expenses = $128 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,314
Downpayment
20%
$52,680
Closing costs
1%
$2,634
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,974
Total Expenses
$2,102
Mortgage P&I
70%
$1,375
Property Taxes
6%
$120
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0