This property looks like a bad Long-Term investment with a projected -13.13% first-year return on $54,579 initial cash invested.
-13.13%
Cash On Cash
3.94%
Cap Rate
0.62
DSCR
$1,486
Rent
-$597
Cashflow
Cash Flow
$1,486 income − $2,083 expenses = $597 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,486
Total Expenses
$2,083
Mortgage P&I
93%
$1,377
Property Taxes
15%
$229
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0