This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $55,398 initial cash invested.
-9.81%
Cash On Cash
4.99%
Cap Rate
0.75
DSCR
$1,735
Rent
-$453
Cashflow
Cash Flow
$1,735 income − $2,188 expenses = $453 out of pocket
Investment Breakdown
|
Purchase Price
$264k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,398
Downpayment
20%
$52,760
Closing costs
1%
$2,638
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,735
Total Expenses
$2,188
Mortgage P&I
84%
$1,463
Property Taxes
12%
$207
Home Insurance
4%
$66
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$104
Maintenance
5%
$87
Other
0%
$0