This property looks like a bad Long-Term investment with a projected -5.94% first-year return on $54,579 initial cash invested.
-5.94%
Cash On Cash
5.64%
Cap Rate
0.88
DSCR
$1,914
Rent
-$270
Cashflow
Cash Flow
$1,914 income − $2,184 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,914
Total Expenses
$2,184
Mortgage P&I
73%
$1,395
Property Taxes
10%
$200
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0