This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $54,999 initial cash invested.
-6.33%
Cash On Cash
5.36%
Cap Rate
0.86
DSCR
$1,895
Rent
-$290
Cashflow
Cash Flow
$1,895 income − $2,185 expenses = $290 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.8%
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
$1,895
Total Expenses
$2,185
Mortgage P&I
72%
$1,365
Property Taxes
12%
$232
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0