This property looks like a bad Long-Term investment with a projected -15.61% first-year return on $54,579 initial cash invested.
-15.61%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$1,169
Rent
-$710
Cashflow
Cash Flow
$1,169 income − $1,879 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,169
Total Expenses
$1,879
Mortgage P&I
119%
$1,396
Property Taxes
8%
$89
Home Insurance
8%
$91
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0