This property looks like a bad Long-Term investment with a projected -5.05% first-year return on $55,083 initial cash invested.
-5.05%
Cash On Cash
5.48%
Cap Rate
0.9
DSCR
$1,976
Rent
-$232
Cashflow
Cash Flow
$1,976 income − $2,208 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,083
Downpayment
20%
$52,460
Closing costs
1%
$2,623
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,976
Total Expenses
$2,208
Mortgage P&I
67%
$1,330
Property Taxes
14%
$269
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0