This property looks like a bad Long-Term investment with a projected -1.87% first-year return on $53,130 initial cash invested.
-1.87%
Cash On Cash
6.36%
Cap Rate
1.01
DSCR
$1,881
Rent
-$83
Cashflow
Cash Flow
$1,881 income − $1,964 expenses = $83 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,130
Downpayment
20%
$50,600
Closing costs
1%
$2,530
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,881
Total Expenses
$1,964
Mortgage P&I
71%
$1,329
Property Taxes
3%
$55
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0