This property looks like a bad Long-Term investment with a projected -6.3% first-year return on $54,852 initial cash invested.
-6.3%
Cash On Cash
5.45%
Cap Rate
0.86
DSCR
$1,769
Rent
-$288
Cashflow
Cash Flow
$1,769 income − $2,057 expenses = $288 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,852
Downpayment
20%
$52,240
Closing costs
1%
$2,612
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,769
Total Expenses
$2,057
Mortgage P&I
78%
$1,386
Property Taxes
6%
$114
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0