This property looks like a bad Long-Term investment with a projected -16.08% first-year return on $54,390 initial cash invested.
-16.08%
Cash On Cash
3.64%
Cap Rate
0.55
DSCR
$1,570
Rent
-$729
Cashflow
Cash Flow
$1,570 income − $2,299 expenses = $729 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,570
Total Expenses
$2,299
Mortgage P&I
91%
$1,436
Property Taxes
23%
$365
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0