This property looks like a bad Long-Term investment with a projected -4.35% first-year return on $55,125 initial cash invested.
-4.35%
Cash On Cash
6.13%
Cap Rate
0.93
DSCR
$2,054
Rent
-$200
Cashflow
Cash Flow
$2,054 income − $2,254 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,125
Downpayment
20%
$52,500
Closing costs
1%
$2,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,054
Total Expenses
$2,254
Mortgage P&I
70%
$1,439
Property Taxes
9%
$189
Home Insurance
4%
$92
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0