This property looks like a bad Long-Term investment with a projected -13.22% first-year return on $55,083 initial cash invested.
-13.22%
Cash On Cash
4.3%
Cap Rate
0.64
DSCR
$1,426
Rent
-$607
Cashflow
Cash Flow
$1,426 income − $2,033 expenses = $607 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,426
Total Expenses
$2,033
Mortgage P&I
104%
$1,476
Property Taxes
6%
$92
Home Insurance
7%
$94
HOA
0%
$0
Property Management
10%
$143
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0