This property looks like a bad Long-Term investment with a projected -1.93% first-year return on $55,440 initial cash invested.
-1.93%
Cash On Cash
6.21%
Cap Rate
1.01
DSCR
$2,003
Rent
-$89
Cashflow
Cash Flow
$2,003 income − $2,092 expenses = $89 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,440
Downpayment
20%
$52,800
Closing costs
1%
$2,640
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,003
Total Expenses
$2,092
Mortgage P&I
68%
$1,355
Property Taxes
6%
$123
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0