This property looks like a bad Long-Term investment with a projected -5.57% first-year return on $53,445 initial cash invested.
-5.57%
Cash On Cash
5.9%
Cap Rate
0.89
DSCR
$1,892
Rent
-$248
Cashflow
Cash Flow
$1,892 income − $2,140 expenses = $248 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,445
Downpayment
20%
$50,900
Closing costs
1%
$2,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,892
Total Expenses
$2,140
Mortgage P&I
74%
$1,404
Property Taxes
8%
$146
Home Insurance
3%
$64
HOA
2%
$33
Property Management
10%
$189
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0