This property looks like a bad Long-Term investment with a projected -2.34% first-year return on $55,461 initial cash invested.
-2.34%
Cash On Cash
6.27%
Cap Rate
1
DSCR
$2,214
Rent
-$108
Cashflow
Cash Flow
$2,214 income − $2,322 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,461
Downpayment
20%
$52,820
Closing costs
1%
$2,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$2,322
Mortgage P&I
62%
$1,377
Property Taxes
12%
$275
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0