This property looks like a bad Long-Term investment with a projected -3.52% first-year return on $55,629 initial cash invested.
-3.52%
Cash On Cash
5.88%
Cap Rate
0.96
DSCR
$2,118
Rent
-$163
Cashflow
Cash Flow
$2,118 income − $2,281 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,118
Total Expenses
$2,281
Mortgage P&I
64%
$1,354
Property Taxes
13%
$283
Home Insurance
4%
$93
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0