This property looks like a bad Long-Term investment with a projected -1.89% first-year return on $53,445 initial cash invested.
-1.89%
Cash On Cash
6.29%
Cap Rate
1.02
DSCR
$2,147
Rent
-$84
Cashflow
Cash Flow
$2,147 income − $2,231 expenses = $84 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,445
Downpayment
20%
$50,900
Closing costs
1%
$2,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,147
Total Expenses
$2,231
Mortgage P&I
61%
$1,310
Property Taxes
13%
$272
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0