This property looks like a bad Long-Term investment with a projected -13.49% first-year return on $54,600 initial cash invested.
-13.49%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$1,323
Rent
-$614
Cashflow
Cash Flow
$1,323 income − $1,937 expenses = $614 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,323
Total Expenses
$1,937
Mortgage P&I
108%
$1,424
Property Taxes
6%
$79
Home Insurance
7%
$91
HOA
0%
$0
Property Management
10%
$132
CapEx
5%
$66
Vacancy
6%
$79
Maintenance
5%
$66
Other
0%
$0