This property looks like a bad Long-Term investment with a projected -8.01% first-year return on $55,251 initial cash invested.
-8.01%
Cash On Cash
5.24%
Cap Rate
0.81
DSCR
$1,874
Rent
-$369
Cashflow
Cash Flow
$1,874 income − $2,243 expenses = $369 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,251
Downpayment
20%
$52,620
Closing costs
1%
$2,631
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,874
Total Expenses
$2,243
Mortgage P&I
76%
$1,424
Property Taxes
13%
$238
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0