This property looks like a bad Long-Term investment with a projected -11% first-year return on $53,025 initial cash invested.
-11%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$1,536
Rent
-$486
Cashflow
Cash Flow
$1,536 income − $2,022 expenses = $486 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,025
Downpayment
20%
$50,500
Closing costs
1%
$2,525
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,536
Total Expenses
$2,022
Mortgage P&I
91%
$1,395
Property Taxes
9%
$133
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0