This property looks like a bad Long-Term investment with a projected -9.39% first-year return on $55,062 initial cash invested.
-9.39%
Cash On Cash
4.75%
Cap Rate
0.75
DSCR
$1,699
Rent
-$431
Cashflow
Cash Flow
$1,699 income − $2,130 expenses = $431 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,062
Downpayment
20%
$52,440
Closing costs
1%
$2,622
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,699
Total Expenses
$2,130
Mortgage P&I
81%
$1,383
Property Taxes
12%
$211
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0