This property looks like a bad Long-Term investment with a projected -5.61% first-year return on $53,949 initial cash invested.
-5.61%
Cash On Cash
5.81%
Cap Rate
0.88
DSCR
$1,793
Rent
-$252
Cashflow
Cash Flow
$1,793 income − $2,045 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$257k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,949
Downpayment
20%
$51,380
Closing costs
1%
$2,569
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,793
Total Expenses
$2,045
Mortgage P&I
78%
$1,406
Property Taxes
5%
$81
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0