This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $54,390 initial cash invested.
-10.3%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$1,431
Rent
-$467
Cashflow
Cash Flow
$1,431 income − $1,898 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,431
Total Expenses
$1,898
Mortgage P&I
92%
$1,319
Property Taxes
8%
$115
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0