This property looks like a bad Long-Term investment with a projected -3.53% first-year return on $55,335 initial cash invested.
-3.53%
Cash On Cash
6.21%
Cap Rate
0.96
DSCR
$2,186
Rent
-$163
Cashflow
Cash Flow
$2,186 income − $2,349 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,335
Downpayment
20%
$52,700
Closing costs
1%
$2,635
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,186
Total Expenses
$2,349
Mortgage P&I
65%
$1,418
Property Taxes
9%
$192
Home Insurance
8%
$171
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0