This property looks like a bad Long-Term investment with a projected -2.13% first-year return on $55,713 initial cash invested.
-2.13%
Cash On Cash
6.4%
Cap Rate
1
DSCR
$2,020
Rent
-$99
Cashflow
Cash Flow
$2,020 income − $2,119 expenses = $99 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,713
Downpayment
20%
$53,060
Closing costs
1%
$2,653
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,020
Total Expenses
$2,119
Mortgage P&I
70%
$1,412
Property Taxes
4%
$84
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0