This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $54,600 initial cash invested.
-14.42%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$1,552
Rent
-$656
Cashflow
Cash Flow
$1,552 income − $2,208 expenses = $656 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,552
Total Expenses
$2,208
Mortgage P&I
92%
$1,431
Property Taxes
18%
$282
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$78
Vacancy
6%
$93
Maintenance
5%
$78
Other
0%
$0