This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $54,957 initial cash invested.
-16.51%
Cash On Cash
2.99%
Cap Rate
0.48
DSCR
$1,262
Rent
-$756
Cashflow
Cash Flow
$1,262 income − $2,018 expenses = $756 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,957
Downpayment
20%
$52,340
Closing costs
1%
$2,617
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,262
Total Expenses
$2,018
Mortgage P&I
107%
$1,344
Property Taxes
13%
$170
Home Insurance
7%
$94
HOA
7%
$82
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0