This property looks like a bad Long-Term investment with a projected -16.26% first-year return on $54,600 initial cash invested.
-16.26%
Cash On Cash
3.58%
Cap Rate
0.54
DSCR
$1,439
Rent
-$740
Cashflow
Cash Flow
$1,439 income − $2,179 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,439
Total Expenses
$2,179
Mortgage P&I
100%
$1,443
Property Taxes
19%
$271
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$86
Maintenance
5%
$72
Other
0%
$0