This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $54,663 initial cash invested.
-14.05%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$1,876
Rent
-$640
Cashflow
Cash Flow
$1,876 income − $2,516 expenses = $640 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,663
Downpayment
20%
$52,060
Closing costs
1%
$2,603
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,876
Total Expenses
$2,516
Mortgage P&I
75%
$1,415
Property Taxes
26%
$483
Home Insurance
5%
$94
HOA
2%
$35
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0