This property looks like a bad Long-Term investment with a projected -7.11% first-year return on $55,524 initial cash invested.
-7.11%
Cash On Cash
5.48%
Cap Rate
0.84
DSCR
$2,030
Rent
-$329
Cashflow
Cash Flow
$2,030 income − $2,359 expenses = $329 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,524
Downpayment
20%
$52,880
Closing costs
1%
$2,644
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,030
Total Expenses
$2,359
Mortgage P&I
71%
$1,434
Property Taxes
15%
$302
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0