This property looks like a bad Long-Term investment with a projected -19.02% first-year return on $55,020 initial cash invested.
-19.02%
Cash On Cash
2.67%
Cap Rate
0.42
DSCR
$1,218
Rent
-$872
Cashflow
Cash Flow
$1,218 income − $2,090 expenses = $872 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,218
Total Expenses
$2,090
Mortgage P&I
115%
$1,395
Property Taxes
23%
$284
Home Insurance
8%
$94
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0