This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $54,579 initial cash invested.
-14.05%
Cash On Cash
3.92%
Cap Rate
0.6
DSCR
$1,380
Rent
-$639
Cashflow
Cash Flow
$1,380 income − $2,019 expenses = $639 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,380
Total Expenses
$2,019
Mortgage P&I
103%
$1,418
Property Taxes
11%
$151
Home Insurance
7%
$91
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0