This property looks like a bad Long-Term investment with a projected -8.26% first-year return on $55,041 initial cash invested.
-8.26%
Cash On Cash
5.4%
Cap Rate
0.81
DSCR
$1,905
Rent
-$379
Cashflow
Cash Flow
$1,905 income − $2,284 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,905
Total Expenses
$2,284
Mortgage P&I
77%
$1,463
Property Taxes
12%
$233
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0