This property looks like a bad Long-Term investment with a projected -7.71% first-year return on $55,272 initial cash invested.
-7.71%
Cash On Cash
5.11%
Cap Rate
0.81
DSCR
$1,852
Rent
-$355
Cashflow
Cash Flow
$1,852 income − $2,207 expenses = $355 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,272
Downpayment
20%
$52,640
Closing costs
1%
$2,632
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,852
Total Expenses
$2,207
Mortgage P&I
75%
$1,383
Property Taxes
12%
$214
Home Insurance
6%
$103
HOA
1%
$25
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0