This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $55,020 initial cash invested.
-9.38%
Cash On Cash
5.18%
Cap Rate
0.77
DSCR
$1,912
Rent
-$430
Cashflow
Cash Flow
$1,912 income − $2,342 expenses = $430 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,020
Downpayment
20%
$52,400
Closing costs
1%
$2,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,912
Total Expenses
$2,342
Mortgage P&I
77%
$1,465
Property Taxes
15%
$287
Home Insurance
5%
$92
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0