This property looks like a bad Long-Term investment with a projected -14.24% first-year return on $54,621 initial cash invested.
-14.24%
Cash On Cash
4.19%
Cap Rate
0.62
DSCR
$1,605
Rent
-$648
Cashflow
Cash Flow
$1,605 income − $2,253 expenses = $648 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,621
Downpayment
20%
$52,020
Closing costs
1%
$2,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,605
Total Expenses
$2,253
Mortgage P&I
92%
$1,477
Property Taxes
16%
$250
Home Insurance
6%
$93
HOA
1%
$17
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0