This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $53,550 initial cash invested.
-7.08%
Cash On Cash
5.72%
Cap Rate
0.85
DSCR
$2,146
Rent
-$316
Cashflow
Cash Flow
$2,146 income − $2,462 expenses = $316 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,146
Total Expenses
$2,462
Mortgage P&I
66%
$1,425
Property Taxes
18%
$381
Home Insurance
4%
$89
HOA
0%
$9
Property Management
10%
$215
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0