This property looks like a bad Long-Term investment with a projected -10.94% first-year return on $54,978 initial cash invested.
-10.94%
Cash On Cash
4.95%
Cap Rate
0.72
DSCR
$1,800
Rent
-$501
Cashflow
Cash Flow
$1,800 income − $2,301 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,978
Downpayment
20%
$52,360
Closing costs
1%
$2,618
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,800
Total Expenses
$2,301
Mortgage P&I
83%
$1,492
Property Taxes
14%
$248
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$180
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0