This property looks like a bad Long-Term investment with a projected -10.03% first-year return on $54,222 initial cash invested.
-10.03%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$2,338
Rent
-$453
Cashflow
Cash Flow
$2,338 income − $2,791 expenses = $453 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,222
Downpayment
20%
$51,640
Closing costs
1%
$2,582
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,338
Total Expenses
$2,791
Mortgage P&I
60%
$1,412
Property Taxes
21%
$497
Home Insurance
4%
$91
HOA
8%
$183
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0