This property looks like a bad Long-Term investment with a projected -7.61% first-year return on $54,999 initial cash invested.
-7.61%
Cash On Cash
5.27%
Cap Rate
0.82
DSCR
$1,793
Rent
-$349
Cashflow
Cash Flow
$1,793 income − $2,142 expenses = $349 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,999
Downpayment
20%
$52,380
Closing costs
1%
$2,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,793
Total Expenses
$2,142
Mortgage P&I
79%
$1,409
Property Taxes
10%
$172
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0