This property looks like a bad Long-Term investment with a projected -9.35% first-year return on $53,109 initial cash invested.
-9.35%
Cash On Cash
5.15%
Cap Rate
0.77
DSCR
$1,876
Rent
-$414
Cashflow
Cash Flow
$1,876 income − $2,290 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$253k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,109
Downpayment
20%
$50,580
Closing costs
1%
$2,529
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,876
Total Expenses
$2,290
Mortgage P&I
75%
$1,406
Property Taxes
17%
$315
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0