This property looks like a bad Long-Term investment with a projected -6.21% first-year return on $54,516 initial cash invested.
-6.21%
Cash On Cash
5.56%
Cap Rate
0.86
DSCR
$1,703
Rent
-$282
Cashflow
Cash Flow
$1,703 income − $1,985 expenses = $282 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,516
Downpayment
20%
$51,920
Closing costs
1%
$2,596
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,703
Total Expenses
$1,985
Mortgage P&I
82%
$1,399
Property Taxes
3%
$58
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0