This property looks like a bad Long-Term investment with a projected -7.04% first-year return on $54,915 initial cash invested.
-7.04%
Cash On Cash
5.62%
Cap Rate
0.85
DSCR
$2,142
Rent
-$322
Cashflow
Cash Flow
$2,142 income − $2,464 expenses = $322 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,915
Downpayment
20%
$52,300
Closing costs
1%
$2,615
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,142
Total Expenses
$2,464
Mortgage P&I
67%
$1,440
Property Taxes
17%
$373
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$129
Maintenance
5%
$107
Other
0%
$0