This property looks like a bad Long-Term investment with a projected -7.19% first-year return on $53,256 initial cash invested.
-7.19%
Cash On Cash
4.97%
Cap Rate
0.81
DSCR
$1,531
Rent
-$319
Cashflow
Cash Flow
$1,531 income − $1,850 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,256
Downpayment
20%
$50,720
Closing costs
1%
$2,536
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,531
Total Expenses
$1,850
Mortgage P&I
84%
$1,293
Property Taxes
4%
$67
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0