This property looks like a bad Long-Term investment with a projected -13.25% first-year return on $53,529 initial cash invested.
-13.25%
Cash On Cash
4.03%
Cap Rate
0.62
DSCR
$1,307
Rent
-$591
Cashflow
Cash Flow
$1,307 income − $1,898 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,529
Downpayment
20%
$50,980
Closing costs
1%
$2,549
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,307
Total Expenses
$1,898
Mortgage P&I
106%
$1,383
Property Taxes
7%
$87
Home Insurance
7%
$89
HOA
0%
$0
Property Management
10%
$131
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0