This property looks like a bad Long-Term investment with a projected -17.48% first-year return on $53,550 initial cash invested.
-17.48%
Cash On Cash
3.13%
Cap Rate
0.48
DSCR
$1,189
Rent
-$780
Cashflow
Cash Flow
$1,189 income − $1,969 expenses = $780 out of pocket
Investment Breakdown
|
Purchase Price
$255k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,189
Total Expenses
$1,969
Mortgage P&I
117%
$1,386
Property Taxes
16%
$186
Home Insurance
7%
$89
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0