This property looks like a bad Long-Term investment with a projected -9.1% first-year return on $56,175 initial cash invested.
-9.1%
Cash On Cash
5.02%
Cap Rate
0.78
DSCR
$2,161
Rent
-$426
Cashflow
Cash Flow
$2,161 income − $2,587 expenses = $426 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,175
Downpayment
20%
$53,500
Closing costs
1%
$2,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,161
Total Expenses
$2,587
Mortgage P&I
67%
$1,437
Property Taxes
23%
$492
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0