This property looks like a bad Long-Term investment with a projected -14.64% first-year return on $54,579 initial cash invested.
-14.64%
Cash On Cash
3.86%
Cap Rate
0.59
DSCR
$1,537
Rent
-$666
Cashflow
Cash Flow
$1,537 income − $2,203 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,579
Downpayment
20%
$51,980
Closing costs
1%
$2,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,537
Total Expenses
$2,203
Mortgage P&I
93%
$1,425
Property Taxes
19%
$287
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0