This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $54,768 initial cash invested.
-6.33%
Cash On Cash
5.68%
Cap Rate
0.86
DSCR
$1,843
Rent
-$289
Cashflow
Cash Flow
$1,843 income − $2,132 expenses = $289 out of pocket
Investment Breakdown
|
Purchase Price
$261k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$54,768
Downpayment
20%
$52,160
Closing costs
1%
$2,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,843
Total Expenses
$2,132
Mortgage P&I
78%
$1,432
Property Taxes
7%
$130
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0