This property looks like a bad Long-Term investment with a projected -15.97% first-year return on $53,340 initial cash invested.
-15.97%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$1,324
Rent
-$710
Cashflow
Cash Flow
$1,324 income − $2,034 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,340
Downpayment
20%
$50,800
Closing costs
1%
$2,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,324
Total Expenses
$2,034
Mortgage P&I
105%
$1,394
Property Taxes
15%
$204
Home Insurance
7%
$93
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0