This property looks like a bad Long-Term investment with a projected -13.68% first-year return on $55,419 initial cash invested.
-13.68%
Cash On Cash
3.53%
Cap Rate
0.58
DSCR
$1,198
Rent
-$632
Cashflow
Cash Flow
$1,198 income − $1,830 expenses = $632 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,419
Downpayment
20%
$52,780
Closing costs
1%
$2,639
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,198
Total Expenses
$1,830
Mortgage P&I
113%
$1,349
Property Taxes
6%
$73
Home Insurance
8%
$96
HOA
0%
$0
Property Management
10%
$120
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0