This property looks like a bad Long-Term investment with a projected -15.24% first-year return on $53,214 initial cash invested.
-15.24%
Cash On Cash
3.58%
Cap Rate
0.56
DSCR
$1,772
Rent
-$676
Cashflow
Cash Flow
$1,772 income − $2,448 expenses = $676 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,214
Downpayment
20%
$50,680
Closing costs
1%
$2,534
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,772
Total Expenses
$2,448
Mortgage P&I
76%
$1,344
Property Taxes
31%
$552
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0