This property looks like a bad Long-Term investment with a projected -5.93% first-year return on $55,608 initial cash invested.
-5.93%
Cash On Cash
5.82%
Cap Rate
0.89
DSCR
$2,233
Rent
-$275
Cashflow
Cash Flow
$2,233 income − $2,508 expenses = $275 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,608
Downpayment
20%
$52,960
Closing costs
1%
$2,648
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,233
Total Expenses
$2,508
Mortgage P&I
65%
$1,447
Property Taxes
17%
$389
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0