This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $54,579 initial cash invested.
-10.71%
Cash On Cash
4.77%
Cap Rate
0.72
DSCR
$1,790
Rent
-$487
Cashflow
Cash Flow
$1,790 income − $2,277 expenses = $487 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
$1,790
Total Expenses
$2,277
Mortgage P&I
80%
$1,430
Property Taxes
16%
$290
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$107
Maintenance
5%
$90
Other
0%
$0