This property looks like a bad Long-Term investment with a projected -2.31% first-year return on $54,579 initial cash invested.
-2.31%
Cash On Cash
6.08%
Cap Rate
1
DSCR
$1,983
Rent
-$105
Cashflow
Cash Flow
$1,983 income − $2,088 expenses = $105 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,983
Total Expenses
$2,088
Mortgage P&I
67%
$1,322
Property Taxes
7%
$139
Home Insurance
5%
$91
HOA
1%
$21
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0