This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $54,159 initial cash invested.
-7.22%
Cash On Cash
5.64%
Cap Rate
0.84
DSCR
$1,918
Rent
-$326
Cashflow
Cash Flow
$1,918 income − $2,244 expenses = $326 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,159
Downpayment
20%
$51,580
Closing costs
1%
$2,579
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,918
Total Expenses
$2,244
Mortgage P&I
75%
$1,442
Property Taxes
11%
$213
Home Insurance
5%
$90
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0