This property looks like a bad Long-Term investment with a projected -10.62% first-year return on $54,600 initial cash invested.
-10.62%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$1,520
Rent
-$483
Cashflow
Cash Flow
$1,520 income − $2,003 expenses = $483 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,600
Downpayment
20%
$52,000
Closing costs
1%
$2,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,520
Total Expenses
$2,003
Mortgage P&I
94%
$1,424
Property Taxes
6%
$93
Home Insurance
6%
$91
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0