This property looks like a bad Long-Term investment with a projected -6.95% first-year return on $54,411 initial cash invested.
-6.95%
Cash On Cash
5.13%
Cap Rate
0.84
DSCR
$1,953
Rent
-$315
Cashflow
Cash Flow
$1,953 income − $2,268 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$259k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,411
Downpayment
20%
$51,820
Closing costs
1%
$2,591
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,953
Total Expenses
$2,268
Mortgage P&I
68%
$1,324
Property Taxes
18%
$343
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0