This property looks like a bad Long-Term investment with a projected -14.25% first-year return on $55,671 initial cash invested.
-14.25%
Cash On Cash
3.39%
Cap Rate
0.56
DSCR
$1,390
Rent
-$661
Cashflow
Cash Flow
$1,390 income − $2,051 expenses = $661 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,671
Downpayment
20%
$53,020
Closing costs
1%
$2,651
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,390
Total Expenses
$2,051
Mortgage P&I
96%
$1,339
Property Taxes
18%
$256
Home Insurance
7%
$94
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$70
Vacancy
6%
$83
Maintenance
5%
$70
Other
0%
$0