This property looks like a bad Long-Term investment with a projected -5.76% first-year return on $54,600 initial cash invested.
-5.76%
Cash On Cash
5.91%
Cap Rate
0.89
DSCR
$1,934
Rent
-$262
Cashflow
Cash Flow
$1,934 income − $2,196 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$260k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,934
Total Expenses
$2,196
Mortgage P&I
75%
$1,445
Property Taxes
7%
$127
Home Insurance
5%
$88
HOA
2%
$33
Property Management
10%
$193
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0