This property looks like a bad Long-Term investment with a projected -8.7% first-year return on $53,508 initial cash invested.
-8.7%
Cash On Cash
5.15%
Cap Rate
0.79
DSCR
$1,795
Rent
-$388
Cashflow
Cash Flow
$1,795 income − $2,183 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,508
Downpayment
20%
$50,960
Closing costs
1%
$2,548
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,795
Total Expenses
$2,183
Mortgage P&I
77%
$1,391
Property Taxes
13%
$233
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0