This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $54,831 initial cash invested.
-11.25%
Cash On Cash
4.7%
Cap Rate
0.71
DSCR
$1,840
Rent
-$514
Cashflow
Cash Flow
$1,840 income − $2,354 expenses = $514 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,831
Downpayment
20%
$52,220
Closing costs
1%
$2,611
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,840
Total Expenses
$2,354
Mortgage P&I
79%
$1,445
Property Taxes
18%
$338
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0