This property looks like a bad Long-Term investment with a projected -8.13% first-year return on $53,550 initial cash invested.
-8.13%
Cash On Cash
5.36%
Cap Rate
0.81
DSCR
$1,785
Rent
-$363
Cashflow
Cash Flow
$1,785 income − $2,148 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,785
Total Expenses
$2,148
Mortgage P&I
79%
$1,412
Property Taxes
10%
$184
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0