This property looks like a bad Long-Term investment with a projected -1.49% first-year return on $55,650 initial cash invested.
-1.49%
Cash On Cash
6.27%
Cap Rate
1.03
DSCR
$2,183
Rent
-$69
Cashflow
Cash Flow
$2,183 income − $2,252 expenses = $69 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,183
Total Expenses
$2,252
Mortgage P&I
62%
$1,345
Property Taxes
11%
$247
Home Insurance
4%
$93
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0