This property looks like a bad Long-Term investment with a projected -7.73% first-year return on $54,810 initial cash invested.
-7.73%
Cash On Cash
5.38%
Cap Rate
0.82
DSCR
$1,862
Rent
-$353
Cashflow
Cash Flow
$1,862 income − $2,215 expenses = $353 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,810
Downpayment
20%
$52,200
Closing costs
1%
$2,610
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,862
Total Expenses
$2,215
Mortgage P&I
77%
$1,430
Property Taxes
11%
$207
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0