This property looks like a bad Long-Term investment with a projected -6.34% first-year return on $54,327 initial cash invested.
-6.34%
Cash On Cash
5.3%
Cap Rate
0.85
DSCR
$1,671
Rent
-$287
Cashflow
Cash Flow
$1,671 income − $1,958 expenses = $287 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,327
Downpayment
20%
$51,740
Closing costs
1%
$2,587
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,671
Total Expenses
$1,958
Mortgage P&I
80%
$1,345
Property Taxes
5%
$85
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0