This property looks like a bad Long-Term investment with a projected -3.06% first-year return on $54,579 initial cash invested.
-3.06%
Cash On Cash
6.47%
Cap Rate
0.97
DSCR
$1,890
Rent
-$139
Cashflow
Cash Flow
$1,890 income − $2,029 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,890
Total Expenses
$2,029
Mortgage P&I
77%
$1,446
Property Taxes
0%
$2
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0