This property looks like a bad Long-Term investment with a projected -2% first-year return on $54,075 initial cash invested.
-2%
Cash On Cash
6.32%
Cap Rate
1.01
DSCR
$1,954
Rent
-$90
Cashflow
Cash Flow
$1,954 income − $2,044 expenses = $90 out of pocket
Investment Breakdown
|
Purchase Price
$258k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,075
Downpayment
20%
$51,500
Closing costs
1%
$2,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,954
Total Expenses
$2,044
Mortgage P&I
69%
$1,349
Property Taxes
5%
$97
Home Insurance
5%
$90
HOA
0%
$0
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0