This property looks like a bad Long-Term investment with a projected -15.56% first-year return on $54,600 initial cash invested.
-15.56%
Cash On Cash
3.71%
Cap Rate
0.56
DSCR
$1,542
Rent
-$708
Cashflow
Cash Flow
$1,542 income − $2,250 expenses = $708 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
$1,542
Total Expenses
$2,250
Mortgage P&I
93%
$1,434
Property Taxes
16%
$239
Home Insurance
6%
$91
HOA
6%
$85
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0