This property looks like a bad Long-Term investment with a projected -5.47% first-year return on $55,104 initial cash invested.
-5.47%
Cash On Cash
5.58%
Cap Rate
0.89
DSCR
$1,944
Rent
-$251
Cashflow
Cash Flow
$1,944 income − $2,195 expenses = $251 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,104
Downpayment
20%
$52,480
Closing costs
1%
$2,624
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,944
Total Expenses
$2,195
Mortgage P&I
71%
$1,374
Property Taxes
11%
$223
Home Insurance
5%
$93
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0