This property looks like a bad Long-Term investment with a projected -5.41% first-year return on $53,634 initial cash invested.
-5.41%
Cash On Cash
6.06%
Cap Rate
0.91
DSCR
$2,382
Rent
-$242
Cashflow
Cash Flow
$2,382 income − $2,624 expenses = $242 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,634
Downpayment
20%
$51,080
Closing costs
1%
$2,554
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,382
Total Expenses
$2,624
Mortgage P&I
59%
$1,413
Property Taxes
21%
$508
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0