This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $54,600 initial cash invested.
-12.26%
Cash On Cash
4.38%
Cap Rate
0.66
DSCR
$1,479
Rent
-$558
Cashflow
Cash Flow
$1,479 income − $2,037 expenses = $558 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,479
Total Expenses
$2,037
Mortgage P&I
97%
$1,432
Property Taxes
9%
$129
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$148
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0