This property looks like a bad Long-Term investment with a projected -5.85% first-year return on $54,600 initial cash invested.
-5.85%
Cash On Cash
5.47%
Cap Rate
0.87
DSCR
$1,831
Rent
-$266
Cashflow
Cash Flow
$1,831 income − $2,097 expenses = $266 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,831
Total Expenses
$2,097
Mortgage P&I
74%
$1,359
Property Taxes
9%
$170
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0