This property looks like a bad Long-Term investment with a projected -9.85% first-year return on $54,600 initial cash invested.
-9.85%
Cash On Cash
4.58%
Cap Rate
0.74
DSCR
$1,952
Rent
-$448
Cashflow
Cash Flow
$1,952 income − $2,400 expenses = $448 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,952
Total Expenses
$2,400
Mortgage P&I
69%
$1,343
Property Taxes
22%
$427
Home Insurance
5%
$91
HOA
2%
$31
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0