This property looks like a bad Long-Term investment with a projected -2.87% first-year return on $54,411 initial cash invested.
-2.87%
Cash On Cash
6.5%
Cap Rate
0.99
DSCR
$2,255
Rent
-$130
Cashflow
Cash Flow
$2,255 income − $2,385 expenses = $130 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,411
Downpayment
20%
$51,820
Closing costs
1%
$2,591
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,255
Total Expenses
$2,385
Mortgage P&I
63%
$1,421
Property Taxes
11%
$244
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0