This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $53,508 initial cash invested.
-9.51%
Cash On Cash
4.78%
Cap Rate
0.76
DSCR
$2,010
Rent
-$424
Cashflow
Cash Flow
$2,010 income − $2,434 expenses = $424 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,508
Downpayment
20%
$50,960
Closing costs
1%
$2,548
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$2,434
Mortgage P&I
67%
$1,340
Property Taxes
22%
$439
Home Insurance
5%
$91
HOA
2%
$42
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0