This property looks like a bad Long-Term investment with a projected -6.43% first-year return on $53,151 initial cash invested.
-6.43%
Cash On Cash
5.74%
Cap Rate
0.86
DSCR
$1,748
Rent
-$285
Cashflow
Cash Flow
$1,748 income − $2,033 expenses = $285 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,151
Downpayment
20%
$50,620
Closing costs
1%
$2,531
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,748
Total Expenses
$2,033
Mortgage P&I
81%
$1,408
Property Taxes
5%
$82
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0