This property looks like a bad Long-Term investment with a projected -6.19% first-year return on $55,419 initial cash invested.
-6.19%
Cash On Cash
5.4%
Cap Rate
0.87
DSCR
$2,042
Rent
-$286
Cashflow
Cash Flow
$2,042 income − $2,328 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,419
Downpayment
20%
$52,780
Closing costs
1%
$2,639
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,042
Total Expenses
$2,328
Mortgage P&I
67%
$1,372
Property Taxes
16%
$329
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0