This property looks like a bad Long-Term investment with a projected -2.35% first-year return on $55,734 initial cash invested.
-2.35%
Cash On Cash
6.71%
Cap Rate
1.01
DSCR
$2,386
Rent
-$109
Cashflow
Cash Flow
$2,386 income − $2,495 expenses = $109 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,734
Downpayment
20%
$53,080
Closing costs
1%
$2,654
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,386
Total Expenses
$2,495
Mortgage P&I
62%
$1,473
Property Taxes
13%
$300
Home Insurance
4%
$94
HOA
0%
$8
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0