This property looks like a bad Long-Term investment with a projected -8.25% first-year return on $53,214 initial cash invested.
-8.25%
Cash On Cash
5.22%
Cap Rate
0.8
DSCR
$1,706
Rent
-$366
Cashflow
Cash Flow
$1,706 income − $2,072 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,214
Downpayment
20%
$50,680
Closing costs
1%
$2,534
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,706
Total Expenses
$2,072
Mortgage P&I
81%
$1,384
Property Taxes
11%
$182
Home Insurance
4%
$63
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0