This property looks like a bad Long-Term investment with a projected -4.59% first-year return on $55,104 initial cash invested.
-4.59%
Cash On Cash
6.07%
Cap Rate
0.93
DSCR
$2,077
Rent
-$211
Cashflow
Cash Flow
$2,077 income − $2,288 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,104
Downpayment
20%
$52,480
Closing costs
1%
$2,624
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,077
Total Expenses
$2,288
Mortgage P&I
69%
$1,435
Property Taxes
9%
$190
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0