This property looks like a bad Long-Term investment with a projected -11.63% first-year return on $53,550 initial cash invested.
-11.63%
Cash On Cash
4.68%
Cap Rate
0.7
DSCR
$1,982
Rent
-$519
Cashflow
Cash Flow
$1,982 income − $2,501 expenses = $519 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,982
Total Expenses
$2,501
Mortgage P&I
71%
$1,415
Property Taxes
23%
$463
Home Insurance
4%
$89
HOA
1%
$19
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0