This property looks like a bad Long-Term investment with a projected -4.93% first-year return on $55,062 initial cash invested.
-4.93%
Cash On Cash
6.14%
Cap Rate
0.93
DSCR
$2,404
Rent
-$226
Cashflow
Cash Flow
$2,404 income − $2,630 expenses = $226 out of pocket
Investment Breakdown
|
Purchase Price
$262k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,062
Downpayment
20%
$52,440
Closing costs
1%
$2,622
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,404
Total Expenses
$2,630
Mortgage P&I
60%
$1,447
Property Taxes
20%
$481
Home Insurance
3%
$78
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0