This property looks like a bad Long-Term investment with a projected -10.31% first-year return on $55,776 initial cash invested.
-10.31%
Cash On Cash
4.85%
Cap Rate
0.75
DSCR
$2,298
Rent
-$479
Cashflow
Cash Flow
$2,298 income − $2,777 expenses = $479 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,776
Downpayment
20%
$53,120
Closing costs
1%
$2,656
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,298
Total Expenses
$2,777
Mortgage P&I
63%
$1,438
Property Taxes
28%
$644
Home Insurance
4%
$97
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0