This property looks like a bad Long-Term investment with a projected -9.03% first-year return on $55,041 initial cash invested.
-9.03%
Cash On Cash
5.13%
Cap Rate
0.78
DSCR
$1,845
Rent
-$414
Cashflow
Cash Flow
$1,845 income − $2,259 expenses = $414 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,041
Downpayment
20%
$52,420
Closing costs
1%
$2,621
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,845
Total Expenses
$2,259
Mortgage P&I
78%
$1,442
Property Taxes
13%
$245
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0