This property looks like a bad Long-Term investment with a projected -4.48% first-year return on $54,936 initial cash invested.
-4.48%
Cash On Cash
6.21%
Cap Rate
0.94
DSCR
$2,291
Rent
-$205
Cashflow
Cash Flow
$2,291 income − $2,496 expenses = $205 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,936
Downpayment
20%
$52,320
Closing costs
1%
$2,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,291
Total Expenses
$2,496
Mortgage P&I
63%
$1,444
Property Taxes
16%
$363
Home Insurance
4%
$93
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$137
Maintenance
5%
$115
Other
0%
$0