This property looks like a bad Long-Term investment with a projected -4.51% first-year return on $55,314 initial cash invested.
-4.51%
Cash On Cash
5.72%
Cap Rate
0.92
DSCR
$1,917
Rent
-$208
Cashflow
Cash Flow
$1,917 income − $2,125 expenses = $208 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,314
Downpayment
20%
$52,680
Closing costs
1%
$2,634
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,917
Total Expenses
$2,125
Mortgage P&I
71%
$1,368
Property Taxes
8%
$160
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0