This property looks like a bad Long-Term investment with a projected -14.54% first-year return on $55,041 initial cash invested.
-14.54%
Cash On Cash
4.04%
Cap Rate
0.6
DSCR
$1,606
Rent
-$667
Cashflow
Cash Flow
$1,606 income − $2,273 expenses = $667 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
$1,606
Total Expenses
$2,273
Mortgage P&I
92%
$1,470
Property Taxes
17%
$272
Home Insurance
7%
$114
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0