This property looks like a bad Long-Term investment with a projected -11.24% first-year return on $53,907 initial cash invested.
-11.24%
Cash On Cash
4.46%
Cap Rate
0.69
DSCR
$1,392
Rent
-$505
Cashflow
Cash Flow
$1,392 income − $1,897 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,907
Downpayment
20%
$51,340
Closing costs
1%
$2,567
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,392
Total Expenses
$1,897
Mortgage P&I
100%
$1,390
Property Taxes
4%
$50
Home Insurance
7%
$94
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0