This property looks like a bad Long-Term investment with a projected -8.23% first-year return on $54,684 initial cash invested.
-8.23%
Cash On Cash
5.07%
Cap Rate
0.79
DSCR
$1,829
Rent
-$375
Cashflow
Cash Flow
$1,829 income − $2,204 expenses = $375 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,684
Downpayment
20%
$52,080
Closing costs
1%
$2,604
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,829
Total Expenses
$2,204
Mortgage P&I
76%
$1,384
Property Taxes
14%
$252
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0