This property looks like a bad Long-Term investment with a projected -3.08% first-year return on $53,697 initial cash invested.
-3.08%
Cash On Cash
6.14%
Cap Rate
0.97
DSCR
$2,060
Rent
-$138
Cashflow
Cash Flow
$2,060 income − $2,198 expenses = $138 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,697
Downpayment
20%
$51,140
Closing costs
1%
$2,557
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,060
Total Expenses
$2,198
Mortgage P&I
65%
$1,344
Property Taxes
11%
$230
Home Insurance
4%
$88
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0