This property looks like a bad Long-Term investment with a projected -5.27% first-year return on $53,928 initial cash invested.
-5.27%
Cash On Cash
5.73%
Cap Rate
0.89
DSCR
$1,864
Rent
-$237
Cashflow
Cash Flow
$1,864 income − $2,101 expenses = $237 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,928
Downpayment
20%
$51,360
Closing costs
1%
$2,568
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,864
Total Expenses
$2,101
Mortgage P&I
74%
$1,371
Property Taxes
7%
$132
Home Insurance
6%
$114
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0