This property looks like a bad Long-Term investment with a projected -12.82% first-year return on $54,558 initial cash invested.
-12.82%
Cash On Cash
3.79%
Cap Rate
0.62
DSCR
$1,477
Rent
-$583
Cashflow
Cash Flow
$1,477 income − $2,060 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,558
Downpayment
20%
$51,960
Closing costs
1%
$2,598
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,477
Total Expenses
$2,060
Mortgage P&I
90%
$1,330
Property Taxes
17%
$252
Home Insurance
6%
$93
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0