This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $55,020 initial cash invested.
-10.86%
Cash On Cash
4.84%
Cap Rate
0.73
DSCR
$1,993
Rent
-$498
Cashflow
Cash Flow
$1,993 income − $2,491 expenses = $498 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,020
Downpayment
20%
$52,400
Closing costs
1%
$2,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,993
Total Expenses
$2,491
Mortgage P&I
73%
$1,455
Property Taxes
21%
$425
Home Insurance
5%
$92
HOA
0%
$0
Property Management
10%
$199
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0