This property looks like a bad Long-Term investment with a projected -9.9% first-year return on $53,571 initial cash invested.
-9.9%
Cash On Cash
4.72%
Cap Rate
0.74
DSCR
$1,666
Rent
-$442
Cashflow
Cash Flow
$1,666 income − $2,108 expenses = $442 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,571
Downpayment
20%
$51,020
Closing costs
1%
$2,551
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,666
Total Expenses
$2,108
Mortgage P&I
82%
$1,362
Property Taxes
12%
$208
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0