This property looks like a bad Long-Term investment with a projected -6.13% first-year return on $55,398 initial cash invested.
-6.13%
Cash On Cash
5.21%
Cap Rate
0.86
DSCR
$1,971
Rent
-$283
Cashflow
Cash Flow
$1,971 income − $2,254 expenses = $283 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,398
Downpayment
20%
$52,760
Closing costs
1%
$2,638
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,971
Total Expenses
$2,254
Mortgage P&I
67%
$1,330
Property Taxes
16%
$306
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$197
CapEx
5%
$99
Vacancy
6%
$118
Maintenance
5%
$99
Other
0%
$0