This property looks like a bad Long-Term investment with a projected -12.21% first-year return on $53,088 initial cash invested.
-12.21%
Cash On Cash
4.41%
Cap Rate
0.67
DSCR
$1,832
Rent
-$540
Cashflow
Cash Flow
$1,832 income − $2,372 expenses = $540 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,088
Downpayment
20%
$50,560
Closing costs
1%
$2,528
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,832
Total Expenses
$2,372
Mortgage P&I
75%
$1,377
Property Taxes
22%
$400
Home Insurance
5%
$88
HOA
2%
$30
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0