This property looks like a bad Long-Term investment with a projected -5.51% first-year return on $53,550 initial cash invested.
-5.51%
Cash On Cash
6.03%
Cap Rate
0.89
DSCR
$1,866
Rent
-$246
Cashflow
Cash Flow
$1,866 income − $2,112 expenses = $246 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,866
Total Expenses
$2,112
Mortgage P&I
77%
$1,435
Property Taxes
6%
$103
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0