This property looks like a bad Long-Term investment with a projected -7.43% first-year return on $54,579 initial cash invested.
-7.43%
Cash On Cash
5.55%
Cap Rate
0.83
DSCR
$2,009
Rent
-$338
Cashflow
Cash Flow
$2,009 income − $2,347 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,009
Total Expenses
$2,347
Mortgage P&I
72%
$1,441
Property Taxes
15%
$293
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0