This property looks like a bad Long-Term investment with a projected -3.46% first-year return on $53,067 initial cash invested.
-3.46%
Cash On Cash
6.2%
Cap Rate
0.96
DSCR
$1,945
Rent
-$153
Cashflow
Cash Flow
$1,945 income − $2,098 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,067
Downpayment
20%
$50,540
Closing costs
1%
$2,527
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,945
Total Expenses
$2,098
Mortgage P&I
70%
$1,362
Property Taxes
8%
$154
Home Insurance
4%
$77
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0