This property looks like a bad Long-Term investment with a projected -6.61% first-year return on $53,403 initial cash invested.
-6.61%
Cash On Cash
5.14%
Cap Rate
0.84
DSCR
$1,680
Rent
-$294
Cashflow
Cash Flow
$1,680 income − $1,974 expenses = $294 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,403
Downpayment
20%
$50,860
Closing costs
1%
$2,543
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,680
Total Expenses
$1,974
Mortgage P&I
77%
$1,300
Property Taxes
9%
$146
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0