This property looks like a bad Long-Term investment with a projected -6.21% first-year return on $55,650 initial cash invested.
-6.21%
Cash On Cash
5.17%
Cap Rate
0.85
DSCR
$1,695
Rent
-$288
Cashflow
Cash Flow
$1,695 income − $1,983 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,650
Downpayment
20%
$53,000
Closing costs
1%
$2,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,695
Total Expenses
$1,983
Mortgage P&I
79%
$1,345
Property Taxes
6%
$103
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0