This property looks like a bad Long-Term investment with a projected -13.24% first-year return on $54,663 initial cash invested.
-13.24%
Cash On Cash
4.26%
Cap Rate
0.64
DSCR
$1,526
Rent
-$603
Cashflow
Cash Flow
$1,526 income − $2,129 expenses = $603 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,526
Total Expenses
$2,129
Mortgage P&I
95%
$1,452
Property Taxes
12%
$188
Home Insurance
6%
$92
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0