This property looks like a bad Long-Term investment with a projected -10.11% first-year return on $54,595 initial cash invested.
-10.11%
Cash On Cash
4.75%
Cap Rate
0.73
DSCR
$1,515
Rent
-$460
Cashflow
Cash Flow
$1,515 income − $1,975 expenses = $460 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,595
Downpayment
20%
$51,995
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,515
Total Expenses
$1,975
Mortgage P&I
93%
$1,414
Property Taxes
5%
$75
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0