This property looks like a bad Long-Term investment with a projected -5.89% first-year return on $54,579 initial cash invested.
-5.89%
Cash On Cash
5.8%
Cap Rate
0.88
DSCR
$2,043
Rent
-$268
Cashflow
Cash Flow
$2,043 income − $2,311 expenses = $268 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,043
Total Expenses
$2,311
Mortgage P&I
70%
$1,423
Property Taxes
13%
$266
Home Insurance
4%
$91
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0