This property looks like a bad Long-Term investment with a projected -3.67% first-year return on $56,490 initial cash invested.
-3.67%
Cash On Cash
5.79%
Cap Rate
0.95
DSCR
$2,213
Rent
-$173
Cashflow
Cash Flow
$2,213 income − $2,386 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,213
Total Expenses
$2,386
Mortgage P&I
61%
$1,360
Property Taxes
16%
$356
Home Insurance
4%
$94
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0