This property looks like a bad Long-Term investment with a projected -8.85% first-year return on $53,823 initial cash invested.
-8.85%
Cash On Cash
5.37%
Cap Rate
0.8
DSCR
$2,121
Rent
-$397
Cashflow
Cash Flow
$2,121 income − $2,518 expenses = $397 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,823
Downpayment
20%
$51,260
Closing costs
1%
$2,563
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,121
Total Expenses
$2,518
Mortgage P&I
68%
$1,439
Property Taxes
22%
$458
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0