This property looks like a bad Long-Term investment with a projected -8.7% first-year return on $56,133 initial cash invested.
-8.7%
Cash On Cash
5.21%
Cap Rate
0.79
DSCR
$2,112
Rent
-$407
Cashflow
Cash Flow
$2,112 income − $2,519 expenses = $407 out of pocket
Investment Breakdown
|
Purchase Price
$267k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,133
Downpayment
20%
$53,460
Closing costs
1%
$2,673
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,112
Total Expenses
$2,519
Mortgage P&I
69%
$1,462
Property Taxes
19%
$409
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0