This property looks like a bad Long-Term investment with a projected -9.09% first-year return on $53,340 initial cash invested.
-9.09%
Cash On Cash
5.01%
Cap Rate
0.77
DSCR
$1,660
Rent
-$404
Cashflow
Cash Flow
$1,660 income − $2,064 expenses = $404 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,340
Downpayment
20%
$50,800
Closing costs
1%
$2,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,660
Total Expenses
$2,064
Mortgage P&I
83%
$1,381
Property Taxes
10%
$160
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0