This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $53,844 initial cash invested.
-9.38%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$1,979
Rent
-$421
Cashflow
Cash Flow
$1,979 income − $2,400 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,844
Downpayment
20%
$51,280
Closing costs
1%
$2,564
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$2,400
Mortgage P&I
69%
$1,366
Property Taxes
15%
$297
Home Insurance
5%
$91
HOA
7%
$131
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0