This property looks like a bad Long-Term investment with a projected -3.74% first-year return on $54,579 initial cash invested.
-3.74%
Cash On Cash
6.2%
Cap Rate
0.95
DSCR
$1,908
Rent
-$170
Cashflow
Cash Flow
$1,908 income − $2,078 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,908
Total Expenses
$2,078
Mortgage P&I
74%
$1,418
Property Taxes
4%
$74
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0