This property looks like a bad Long-Term investment with a projected -6% first-year return on $53,991 initial cash invested.
-6%
Cash On Cash
5.35%
Cap Rate
0.87
DSCR
$1,848
Rent
-$270
Cashflow
Cash Flow
$1,848 income − $2,118 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,991
Downpayment
20%
$51,420
Closing costs
1%
$2,571
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,848
Total Expenses
$2,118
Mortgage P&I
72%
$1,324
Property Taxes
12%
$221
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0