This property looks like a bad Long-Term investment with a projected -3.38% first-year return on $55,104 initial cash invested.
-3.38%
Cash On Cash
6.01%
Cap Rate
0.96
DSCR
$2,023
Rent
-$155
Cashflow
Cash Flow
$2,023 income − $2,178 expenses = $155 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
$2,023
Total Expenses
$2,178
Mortgage P&I
68%
$1,369
Property Taxes
9%
$186
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0