This property looks like a bad Long-Term investment with a projected -6.83% first-year return on $55,671 initial cash invested.
-6.83%
Cash On Cash
5.55%
Cap Rate
0.85
DSCR
$1,899
Rent
-$317
Cashflow
Cash Flow
$1,899 income − $2,216 expenses = $317 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,671
Downpayment
20%
$53,020
Closing costs
1%
$2,651
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,899
Total Expenses
$2,216
Mortgage P&I
76%
$1,447
Property Taxes
10%
$184
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0