This property looks like a bad Long-Term investment with a projected -17.66% first-year return on $55,461 initial cash invested.
-17.66%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$1,736
Rent
-$816
Cashflow
Cash Flow
$1,736 income − $2,552 expenses = $816 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,461
Downpayment
20%
$52,820
Closing costs
1%
$2,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,736
Total Expenses
$2,552
Mortgage P&I
83%
$1,445
Property Taxes
32%
$563
Home Insurance
5%
$92
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0