This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $54,894 initial cash invested.
-7.08%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$1,835
Rent
-$324
Cashflow
Cash Flow
$1,835 income − $2,159 expenses = $324 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,894
Downpayment
20%
$52,280
Closing costs
1%
$2,614
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,835
Total Expenses
$2,159
Mortgage P&I
78%
$1,435
Property Taxes
8%
$152
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0