This property looks like a bad Long-Term investment with a projected -3.58% first-year return on $53,991 initial cash invested.
-3.58%
Cash On Cash
5.78%
Cap Rate
0.95
DSCR
$1,831
Rent
-$161
Cashflow
Cash Flow
$1,831 income − $1,992 expenses = $161 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,991
Downpayment
20%
$51,420
Closing costs
1%
$2,571
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,831
Total Expenses
$1,992
Mortgage P&I
71%
$1,307
Property Taxes
6%
$114
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0