This property looks like a bad Long-Term investment with a projected -18.07% first-year return on $55,650 initial cash invested.
-18.07%
Cash On Cash
3.13%
Cap Rate
0.47
DSCR
$1,061
Rent
-$838
Cashflow
Cash Flow
$1,061 income − $1,899 expenses = $838 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,061
Total Expenses
$1,899
Mortgage P&I
139%
$1,476
Property Taxes
5%
$54
Home Insurance
9%
$93
HOA
0%
$0
Property Management
10%
$106
CapEx
5%
$53
Vacancy
6%
$64
Maintenance
5%
$53
Other
0%
$0