This property looks like a bad Long-Term investment with a projected -1.63% first-year return on $53,844 initial cash invested.
-1.63%
Cash On Cash
6.26%
Cap Rate
1.02
DSCR
$1,930
Rent
-$73
Cashflow
Cash Flow
$1,930 income − $2,003 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$256k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$53,844
Downpayment
20%
$51,280
Closing costs
1%
$2,564
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,930
Total Expenses
$2,003
Mortgage P&I
68%
$1,315
Property Taxes
5%
$96
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0