This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $54,999 initial cash invested.
-11.37%
Cash On Cash
4.49%
Cap Rate
0.69
DSCR
$1,651
Rent
-$521
Cashflow
Cash Flow
$1,651 income − $2,172 expenses = $521 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,999
Downpayment
20%
$52,380
Closing costs
1%
$2,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,651
Total Expenses
$2,172
Mortgage P&I
86%
$1,418
Property Taxes
13%
$219
Home Insurance
6%
$105
HOA
0%
$0
Property Management
10%
$165
CapEx
5%
$83
Vacancy
6%
$99
Maintenance
5%
$83
Other
0%
$0