This property looks like a bad Long-Term investment with a projected -3.81% first-year return on $54,852 initial cash invested.
-3.81%
Cash On Cash
6.2%
Cap Rate
0.96
DSCR
$2,361
Rent
-$174
Cashflow
Cash Flow
$2,361 income − $2,535 expenses = $174 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,852
Downpayment
20%
$52,240
Closing costs
1%
$2,612
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,361
Total Expenses
$2,535
Mortgage P&I
60%
$1,406
Property Taxes
17%
$403
Home Insurance
4%
$94
HOA
1%
$18
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0