This property looks like a bad Long-Term investment with a projected -11.15% first-year return on $54,579 initial cash invested.
-11.15%
Cash On Cash
4.7%
Cap Rate
0.7
DSCR
$1,598
Rent
-$507
Cashflow
Cash Flow
$1,598 income − $2,105 expenses = $507 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,598
Total Expenses
$2,105
Mortgage P&I
90%
$1,444
Property Taxes
9%
$151
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0