This property looks like a bad Long-Term investment with a projected -6.72% first-year return on $54,495 initial cash invested.
-6.72%
Cash On Cash
5.2%
Cap Rate
0.84
DSCR
$1,745
Rent
-$305
Cashflow
Cash Flow
$1,745 income − $2,050 expenses = $305 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,495
Downpayment
20%
$51,900
Closing costs
1%
$2,595
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,745
Total Expenses
$2,050
Mortgage P&I
77%
$1,342
Property Taxes
9%
$164
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0