This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $55,923 initial cash invested.
-11.05%
Cash On Cash
4.1%
Cap Rate
0.68
DSCR
$1,562
Rent
-$515
Cashflow
Cash Flow
$1,562 income − $2,077 expenses = $515 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,923
Downpayment
20%
$53,260
Closing costs
1%
$2,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,562
Total Expenses
$2,077
Mortgage P&I
86%
$1,347
Property Taxes
14%
$226
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0