This property looks like a bad Long-Term investment with a projected -7.37% first-year return on $55,209 initial cash invested.
-7.37%
Cash On Cash
5.47%
Cap Rate
0.83
DSCR
$1,984
Rent
-$339
Cashflow
Cash Flow
$1,984 income − $2,323 expenses = $339 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,209
Downpayment
20%
$52,580
Closing costs
1%
$2,629
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,984
Total Expenses
$2,323
Mortgage P&I
73%
$1,439
Property Taxes
14%
$276
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0