This property looks like a bad Long-Term investment with a projected -2.56% first-year return on $54,768 initial cash invested.
-2.56%
Cash On Cash
6.85%
Cap Rate
0.99
DSCR
$2,170
Rent
-$117
Cashflow
Cash Flow
$2,170 income − $2,287 expenses = $117 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,768
Downpayment
20%
$52,160
Closing costs
1%
$2,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,170
Total Expenses
$2,287
Mortgage P&I
69%
$1,498
Property Taxes
7%
$161
Home Insurance
3%
$65
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0