This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $53,571 initial cash invested.
-7.15%
Cash On Cash
5.34%
Cap Rate
0.83
DSCR
$1,659
Rent
-$319
Cashflow
Cash Flow
$1,659 income − $1,978 expenses = $319 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,571
Downpayment
20%
$51,020
Closing costs
1%
$2,551
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,659
Total Expenses
$1,978
Mortgage P&I
83%
$1,371
Property Taxes
4%
$73
Home Insurance
6%
$102
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0