This property looks like a bad Long-Term investment with a projected -12.48% first-year return on $54,600 initial cash invested.
-12.48%
Cash On Cash
4.29%
Cap Rate
0.66
DSCR
$1,655
Rent
-$568
Cashflow
Cash Flow
$1,655 income − $2,223 expenses = $568 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,655
Total Expenses
$2,223
Mortgage P&I
86%
$1,415
Property Taxes
17%
$286
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0