This property looks like a bad Long-Term investment with a projected -6.93% first-year return on $54,411 initial cash invested.
-6.93%
Cash On Cash
5.92%
Cap Rate
0.86
DSCR
$1,977
Rent
-$314
Cashflow
Cash Flow
$1,977 income − $2,291 expenses = $314 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,411
Downpayment
20%
$51,820
Closing costs
1%
$2,591
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,977
Total Expenses
$2,291
Mortgage P&I
76%
$1,493
Property Taxes
10%
$190
Home Insurance
5%
$91
HOA
0%
$2
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0