This property looks like a bad Long-Term investment with a projected -17.51% first-year return on $55,041 initial cash invested.
-17.51%
Cash On Cash
3.34%
Cap Rate
0.5
DSCR
$1,425
Rent
-$803
Cashflow
Cash Flow
$1,425 income − $2,228 expenses = $803 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,041
Downpayment
20%
$52,420
Closing costs
1%
$2,621
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,425
Total Expenses
$2,228
Mortgage P&I
103%
$1,462
Property Taxes
21%
$302
Home Insurance
7%
$94
HOA
0%
$0
Property Management
10%
$142
CapEx
5%
$71
Vacancy
6%
$86
Maintenance
5%
$71
Other
0%
$0