This property looks like a bad Long-Term investment with a projected -3.91% first-year return on $54,579 initial cash invested.
-3.91%
Cash On Cash
6.14%
Cap Rate
0.95
DSCR
$2,212
Rent
-$178
Cashflow
Cash Flow
$2,212 income − $2,390 expenses = $178 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,212
Total Expenses
$2,390
Mortgage P&I
63%
$1,396
Property Taxes
15%
$327
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0