This property looks like a bad Long-Term investment with a projected -3.46% first-year return on $54,873 initial cash invested.
-3.46%
Cash On Cash
6.69%
Cap Rate
0.97
DSCR
$2,189
Rent
-$158
Cashflow
Cash Flow
$2,189 income − $2,347 expenses = $158 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,873
Downpayment
20%
$52,260
Closing costs
1%
$2,613
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,189
Total Expenses
$2,347
Mortgage P&I
69%
$1,506
Property Taxes
8%
$180
Home Insurance
4%
$93
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0