This property looks like a bad Long-Term investment with a projected -14.98% first-year return on $54,789 initial cash invested.
-14.98%
Cash On Cash
3.74%
Cap Rate
0.57
DSCR
$1,579
Rent
-$684
Cashflow
Cash Flow
$1,579 income − $2,263 expenses = $684 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,789
Downpayment
20%
$52,180
Closing costs
1%
$2,609
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,579
Total Expenses
$2,263
Mortgage P&I
90%
$1,418
Property Taxes
22%
$346
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0