This property looks like a bad Long-Term investment with a projected -8.8% first-year return on $53,193 initial cash invested.
-8.8%
Cash On Cash
5.6%
Cap Rate
0.8
DSCR
$1,770
Rent
-$390
Cashflow
Cash Flow
$1,770 income − $2,160 expenses = $390 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
8.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,193
Downpayment
20%
$50,660
Closing costs
1%
$2,533
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,770
Total Expenses
$2,160
Mortgage P&I
84%
$1,485
Property Taxes
8%
$136
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0