This property looks like a bad Long-Term investment with a projected -12% first-year return on $54,390 initial cash invested.
-12%
Cash On Cash
4.49%
Cap Rate
0.68
DSCR
$1,697
Rent
-$544
Cashflow
Cash Flow
$1,697 income − $2,241 expenses = $544 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,390
Downpayment
20%
$51,800
Closing costs
1%
$2,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,697
Total Expenses
$2,241
Mortgage P&I
84%
$1,428
Property Taxes
17%
$280
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0