This property looks like a bad Long-Term investment with a projected -13.18% first-year return on $55,272 initial cash invested.
-13.18%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$1,556
Rent
-$607
Cashflow
Cash Flow
$1,556 income − $2,163 expenses = $607 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,272
Downpayment
20%
$52,640
Closing costs
1%
$2,632
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,556
Total Expenses
$2,163
Mortgage P&I
92%
$1,432
Property Taxes
15%
$233
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0