This property looks like a bad Long-Term investment with a projected -4.93% first-year return on $53,550 initial cash invested.
-4.93%
Cash On Cash
6.07%
Cap Rate
0.91
DSCR
$1,892
Rent
-$220
Cashflow
Cash Flow
$1,892 income − $2,112 expenses = $220 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
$1,892
Total Expenses
$2,112
Mortgage P&I
75%
$1,414
Property Taxes
5%
$91
Home Insurance
5%
$89
HOA
1%
$25
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0