This property looks like a bad Long-Term investment with a projected -11.71% first-year return on $54,600 initial cash invested.
-11.71%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$1,874
Rent
-$533
Cashflow
Cash Flow
$1,874 income − $2,407 expenses = $533 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,874
Total Expenses
$2,407
Mortgage P&I
75%
$1,414
Property Taxes
20%
$375
Home Insurance
5%
$91
HOA
2%
$40
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0