This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $55,503 initial cash invested.
-11.8%
Cash On Cash
4.6%
Cap Rate
0.69
DSCR
$1,906
Rent
-$546
Cashflow
Cash Flow
$1,906 income − $2,452 expenses = $546 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,503
Downpayment
20%
$52,860
Closing costs
1%
$2,643
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,906
Total Expenses
$2,452
Mortgage P&I
77%
$1,465
Property Taxes
21%
$398
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0