This property looks like a bad Long-Term investment with a projected -4.04% first-year return on $54,621 initial cash invested.
-4.04%
Cash On Cash
5.97%
Cap Rate
0.94
DSCR
$1,995
Rent
-$184
Cashflow
Cash Flow
$1,995 income − $2,179 expenses = $184 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,621
Downpayment
20%
$52,020
Closing costs
1%
$2,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,995
Total Expenses
$2,179
Mortgage P&I
69%
$1,377
Property Taxes
9%
$172
Home Insurance
5%
$93
HOA
1%
$17
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0