This property looks like a bad Long-Term investment with a projected -9.56% first-year return on $54,600 initial cash invested.
-9.56%
Cash On Cash
4.95%
Cap Rate
0.76
DSCR
$1,830
Rent
-$435
Cashflow
Cash Flow
$1,830 income − $2,265 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,830
Total Expenses
$2,265
Mortgage P&I
77%
$1,415
Property Taxes
15%
$282
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0