This property looks like a bad Long-Term investment with a projected -10.74% first-year return on $55,440 initial cash invested.
-10.74%
Cash On Cash
4.83%
Cap Rate
0.72
DSCR
$1,649
Rent
-$496
Cashflow
Cash Flow
$1,649 income − $2,145 expenses = $496 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,440
Downpayment
20%
$52,800
Closing costs
1%
$2,640
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,649
Total Expenses
$2,145
Mortgage P&I
90%
$1,477
Property Taxes
9%
$148
Home Insurance
6%
$92
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$82
Vacancy
6%
$99
Maintenance
5%
$82
Other
0%
$0