This property looks like a bad Long-Term investment with a projected -3.47% first-year return on $54,999 initial cash invested.
-3.47%
Cash On Cash
6.13%
Cap Rate
0.96
DSCR
$1,979
Rent
-$159
Cashflow
Cash Flow
$1,979 income − $2,138 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,999
Downpayment
20%
$52,380
Closing costs
1%
$2,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$2,138
Mortgage P&I
71%
$1,398
Property Taxes
7%
$132
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0