This property looks like a bad Long-Term investment with a projected -10.77% first-year return on $55,503 initial cash invested.
-10.77%
Cash On Cash
4.99%
Cap Rate
0.74
DSCR
$2,375
Rent
-$498
Cashflow
Cash Flow
$2,375 income − $2,873 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,503
Downpayment
20%
$52,860
Closing costs
1%
$2,643
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,375
Total Expenses
$2,873
Mortgage P&I
62%
$1,478
Property Taxes
29%
$683
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0