This property looks like a bad Long-Term investment with a projected -4.73% first-year return on $54,558 initial cash invested.
-4.73%
Cash On Cash
5.7%
Cap Rate
0.91
DSCR
$1,815
Rent
-$215
Cashflow
Cash Flow
$1,815 income − $2,030 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,558
Downpayment
20%
$51,960
Closing costs
1%
$2,598
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,815
Total Expenses
$2,030
Mortgage P&I
75%
$1,357
Property Taxes
6%
$109
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0