This property looks like a bad Long-Term investment with a projected -3.11% first-year return on $55,650 initial cash invested.
-3.11%
Cash On Cash
5.99%
Cap Rate
0.96
DSCR
$1,905
Rent
-$144
Cashflow
Cash Flow
$1,905 income − $2,049 expenses = $144 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,905
Total Expenses
$2,049
Mortgage P&I
72%
$1,372
Property Taxes
5%
$90
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0