This property looks like a bad Long-Term investment with a projected -5.72% first-year return on $53,697 initial cash invested.
-5.72%
Cash On Cash
5.83%
Cap Rate
0.89
DSCR
$1,962
Rent
-$256
Cashflow
Cash Flow
$1,962 income − $2,218 expenses = $256 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,697
Downpayment
20%
$51,140
Closing costs
1%
$2,557
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$2,218
Mortgage P&I
71%
$1,401
Property Taxes
11%
$216
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0