This property looks like a bad Long-Term investment with a projected -1.01% first-year return on $54,915 initial cash invested.
-1.01%
Cash On Cash
6.82%
Cap Rate
1.05
DSCR
$2,360
Rent
-$46
Cashflow
Cash Flow
$2,360 income − $2,406 expenses = $46 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,915
Downpayment
20%
$52,300
Closing costs
1%
$2,615
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,360
Total Expenses
$2,406
Mortgage P&I
60%
$1,415
Property Taxes
12%
$285
Home Insurance
4%
$92
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0