This property looks like a bad Long-Term investment with a projected -8.02% first-year return on $54,936 initial cash invested.
-8.02%
Cash On Cash
5.5%
Cap Rate
0.82
DSCR
$2,140
Rent
-$367
Cashflow
Cash Flow
$2,140 income − $2,507 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,936
Downpayment
20%
$52,320
Closing costs
1%
$2,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,140
Total Expenses
$2,507
Mortgage P&I
68%
$1,459
Property Taxes
19%
$398
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0