This property looks like a bad Long-Term investment with a projected -4.15% first-year return on $53,760 initial cash invested.
-4.15%
Cash On Cash
6.02%
Cap Rate
0.94
DSCR
$2,078
Rent
-$186
Cashflow
Cash Flow
$2,078 income − $2,264 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,760
Downpayment
20%
$51,200
Closing costs
1%
$2,560
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,078
Total Expenses
$2,264
Mortgage P&I
66%
$1,367
Property Taxes
13%
$266
Home Insurance
4%
$90
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0