This property looks like a bad Long-Term investment with a projected -9.39% first-year return on $54,285 initial cash invested.
-9.39%
Cash On Cash
4.71%
Cap Rate
0.74
DSCR
$1,543
Rent
-$425
Cashflow
Cash Flow
$1,543 income − $1,968 expenses = $425 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,285
Downpayment
20%
$51,700
Closing costs
1%
$2,585
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,543
Total Expenses
$1,968
Mortgage P&I
88%
$1,362
Property Taxes
3%
$52
Home Insurance
6%
$93
HOA
4%
$60
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0