This property looks like a bad Long-Term investment with a projected -9.18% first-year return on $55,293 initial cash invested.
-9.18%
Cash On Cash
5.17%
Cap Rate
0.77
DSCR
$1,709
Rent
-$423
Cashflow
Cash Flow
$1,709 income − $2,132 expenses = $423 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,293
Downpayment
20%
$52,660
Closing costs
1%
$2,633
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,709
Total Expenses
$2,132
Mortgage P&I
86%
$1,473
Property Taxes
6%
$105
Home Insurance
5%
$93
HOA
1%
$17
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$103
Maintenance
5%
$85
Other
0%
$0