This property looks like a bad Long-Term investment with a projected -12.81% first-year return on $53,865 initial cash invested.
-12.81%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$1,610
Rent
-$575
Cashflow
Cash Flow
$1,610 income − $2,185 expenses = $575 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,865
Downpayment
20%
$51,300
Closing costs
1%
$2,565
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,610
Total Expenses
$2,185
Mortgage P&I
88%
$1,416
Property Taxes
16%
$260
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$97
Maintenance
5%
$80
Other
0%
$0