This property looks like a bad Long-Term investment with a projected -9.98% first-year return on $54,600 initial cash invested.
-9.98%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$1,624
Rent
-$454
Cashflow
Cash Flow
$1,624 income − $2,078 expenses = $454 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,624
Total Expenses
$2,078
Mortgage P&I
88%
$1,436
Property Taxes
8%
$130
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$162
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0