This property looks like a bad Long-Term investment with a projected -6.77% first-year return on $55,650 initial cash invested.
-6.77%
Cash On Cash
5.29%
Cap Rate
0.85
DSCR
$2,073
Rent
-$314
Cashflow
Cash Flow
$2,073 income − $2,387 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,073
Total Expenses
$2,387
Mortgage P&I
66%
$1,378
Property Taxes
18%
$367
Home Insurance
4%
$93
HOA
0%
$10
Property Management
10%
$207
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0