This property looks like a bad Long-Term investment with a projected -7.21% first-year return on $54,600 initial cash invested.
-7.21%
Cash On Cash
5.46%
Cap Rate
0.83
DSCR
$1,809
Rent
-$328
Cashflow
Cash Flow
$1,809 income − $2,137 expenses = $328 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
$1,809
Total Expenses
$2,137
Mortgage P&I
79%
$1,420
Property Taxes
9%
$156
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0