This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $53,634 initial cash invested.
-8.97%
Cash On Cash
5.29%
Cap Rate
0.79
DSCR
$1,975
Rent
-$401
Cashflow
Cash Flow
$1,975 income − $2,376 expenses = $401 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,634
Downpayment
20%
$51,080
Closing costs
1%
$2,554
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,975
Total Expenses
$2,376
Mortgage P&I
72%
$1,428
Property Taxes
17%
$343
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0