This property looks like a bad Long-Term investment with a projected -7.58% first-year return on $55,104 initial cash invested.
-7.58%
Cash On Cash
5.37%
Cap Rate
0.82
DSCR
$1,717
Rent
-$348
Cashflow
Cash Flow
$1,717 income − $2,065 expenses = $348 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,717
Total Expenses
$2,065
Mortgage P&I
84%
$1,437
Property Taxes
4%
$70
Home Insurance
5%
$91
HOA
1%
$20
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0