This property looks like a bad Long-Term investment with a projected -7.65% first-year return on $53,615 initial cash invested.
-7.65%
Cash On Cash
5.3%
Cap Rate
0.82
DSCR
$1,966
Rent
-$342
Cashflow
Cash Flow
$1,966 income − $2,308 expenses = $342 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,615
Downpayment
20%
$51,062
Closing costs
1%
$2,553
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,966
Total Expenses
$2,308
Mortgage P&I
70%
$1,372
Property Taxes
17%
$336
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0