This property looks like a bad Long-Term investment with a projected -12.38% first-year return on $55,650 initial cash invested.
-12.38%
Cash On Cash
4.37%
Cap Rate
0.67
DSCR
$1,968
Rent
-$574
Cashflow
Cash Flow
$1,968 income − $2,542 expenses = $574 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,968
Total Expenses
$2,542
Mortgage P&I
73%
$1,440
Property Taxes
25%
$498
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0