This property looks like a bad Long-Term investment with a projected -7.12% first-year return on $54,600 initial cash invested.
-7.12%
Cash On Cash
5.23%
Cap Rate
0.82
DSCR
$1,651
Rent
-$324
Cashflow
Cash Flow
$1,651 income − $1,975 expenses = $324 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,651
Total Expenses
$1,975
Mortgage P&I
83%
$1,374
Property Taxes
5%
$80
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0