This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $53,277 initial cash invested.
-8.94%
Cash On Cash
5.25%
Cap Rate
0.79
DSCR
$2,189
Rent
-$397
Cashflow
Cash Flow
$2,189 income − $2,586 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$254k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,277
Downpayment
20%
$50,740
Closing costs
1%
$2,537
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,189
Total Expenses
$2,586
Mortgage P&I
64%
$1,398
Property Taxes
24%
$529
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0