This property looks like a bad Long-Term investment with a projected -1.93% first-year return on $54,033 initial cash invested.
-1.93%
Cash On Cash
6.14%
Cap Rate
1.01
DSCR
$2,061
Rent
-$87
Cashflow
Cash Flow
$2,061 income − $2,148 expenses = $87 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,033
Downpayment
20%
$51,460
Closing costs
1%
$2,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,061
Total Expenses
$2,148
Mortgage P&I
63%
$1,301
Property Taxes
11%
$217
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0