This property looks like a bad Long-Term investment with a projected -7.71% first-year return on $53,991 initial cash invested.
-7.71%
Cash On Cash
5.21%
Cap Rate
0.82
DSCR
$1,901
Rent
-$347
Cashflow
Cash Flow
$1,901 income − $2,248 expenses = $347 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,991
Downpayment
20%
$51,420
Closing costs
1%
$2,571
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,901
Total Expenses
$2,248
Mortgage P&I
72%
$1,368
Property Taxes
15%
$290
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0