This property looks like a bad Long-Term investment with a projected -5.27% first-year return on $54,390 initial cash invested.
-5.27%
Cash On Cash
5.47%
Cap Rate
0.88
DSCR
$1,695
Rent
-$239
Cashflow
Cash Flow
$1,695 income − $1,934 expenses = $239 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,695
Total Expenses
$1,934
Mortgage P&I
79%
$1,334
Property Taxes
4%
$67
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0