This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $53,550 initial cash invested.
-8.83%
Cash On Cash
5.25%
Cap Rate
0.79
DSCR
$1,922
Rent
-$394
Cashflow
Cash Flow
$1,922 income − $2,316 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,550
Downpayment
20%
$51,000
Closing costs
1%
$2,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,922
Total Expenses
$2,316
Mortgage P&I
74%
$1,413
Property Taxes
16%
$315
Home Insurance
5%
$89
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0