This property looks like a bad Long-Term investment with a projected -7.32% first-year return on $54,600 initial cash invested.
-7.32%
Cash On Cash
5.64%
Cap Rate
0.84
DSCR
$1,843
Rent
-$333
Cashflow
Cash Flow
$1,843 income − $2,176 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,843
Total Expenses
$2,176
Mortgage P&I
79%
$1,463
Property Taxes
8%
$143
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0