This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $53,550 initial cash invested.
-13.24%
Cash On Cash
3.88%
Cap Rate
0.62
DSCR
$1,646
Rent
-$591
Cashflow
Cash Flow
$1,646 income − $2,237 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,646
Total Expenses
$2,237
Mortgage P&I
81%
$1,334
Property Taxes
23%
$386
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0