This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $54,789 initial cash invested.
-14.11%
Cash On Cash
4.14%
Cap Rate
0.62
DSCR
$2,034
Rent
-$644
Cashflow
Cash Flow
$2,034 income − $2,678 expenses = $644 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,789
Downpayment
20%
$52,180
Closing costs
1%
$2,609
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,034
Total Expenses
$2,678
Mortgage P&I
71%
$1,443
Property Taxes
30%
$613
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0