This property looks like a bad Long-Term investment with a projected -14.73% first-year return on $55,146 initial cash invested.
-14.73%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$1,803
Rent
-$677
Cashflow
Cash Flow
$1,803 income − $2,480 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$263k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,146
Downpayment
20%
$52,520
Closing costs
1%
$2,626
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,803
Total Expenses
$2,480
Mortgage P&I
81%
$1,455
Property Taxes
26%
$469
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0