This property looks like a bad Long-Term investment with a projected -7.34% first-year return on $54,768 initial cash invested.
-7.34%
Cash On Cash
5.48%
Cap Rate
0.83
DSCR
$1,684
Rent
-$335
Cashflow
Cash Flow
$1,684 income − $2,019 expenses = $335 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,768
Downpayment
20%
$52,160
Closing costs
1%
$2,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,684
Total Expenses
$2,019
Mortgage P&I
86%
$1,442
Property Taxes
3%
$46
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0