This property looks like a bad Long-Term investment with a projected -6.12% first-year return on $55,650 initial cash invested.
-6.12%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$1,965
Rent
-$284
Cashflow
Cash Flow
$1,965 income − $2,249 expenses = $284 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,965
Total Expenses
$2,249
Mortgage P&I
74%
$1,455
Property Taxes
9%
$184
Home Insurance
5%
$93
HOA
0%
$7
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0