This property looks like a bad Long-Term investment with a projected -1.89% first-year return on $54,642 initial cash invested.
-1.89%
Cash On Cash
6.19%
Cap Rate
1.01
DSCR
$2,055
Rent
-$86
Cashflow
Cash Flow
$2,055 income − $2,141 expenses = $86 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,642
Downpayment
20%
$52,040
Closing costs
1%
$2,602
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,055
Total Expenses
$2,141
Mortgage P&I
64%
$1,325
Property Taxes
8%
$159
Home Insurance
5%
$93
HOA
1%
$29
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0