This property looks like a bad Long-Term investment with a projected -12.59% first-year return on $54,999 initial cash invested.
-12.59%
Cash On Cash
4.1%
Cap Rate
0.64
DSCR
$1,437
Rent
-$577
Cashflow
Cash Flow
$1,437 income − $2,014 expenses = $577 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,437
Total Expenses
$2,014
Mortgage P&I
97%
$1,400
Property Taxes
10%
$146
Home Insurance
7%
$94
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0