This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $54,621 initial cash invested.
-13.97%
Cash On Cash
4%
Cap Rate
0.6
DSCR
$1,325
Rent
-$636
Cashflow
Cash Flow
$1,325 income − $1,961 expenses = $636 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,621
Downpayment
20%
$52,020
Closing costs
1%
$2,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,325
Total Expenses
$1,961
Mortgage P&I
109%
$1,438
Property Taxes
6%
$86
Home Insurance
7%
$93
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$80
Maintenance
5%
$66
Other
0%
$0