This property looks like a bad Long-Term investment with a projected -9.66% first-year return on $55,293 initial cash invested.
-9.66%
Cash On Cash
4.9%
Cap Rate
0.76
DSCR
$2,021
Rent
-$445
Cashflow
Cash Flow
$2,021 income − $2,466 expenses = $445 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,293
Downpayment
20%
$52,660
Closing costs
1%
$2,633
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,021
Total Expenses
$2,466
Mortgage P&I
70%
$1,419
Property Taxes
22%
$438
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0