This property looks like a bad Long-Term investment with a projected -14.42% first-year return on $56,343 initial cash invested.
-14.42%
Cash On Cash
3.89%
Cap Rate
0.59
DSCR
$1,534
Rent
-$677
Cashflow
Cash Flow
$1,534 income − $2,211 expenses = $677 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,343
Downpayment
20%
$53,660
Closing costs
1%
$2,683
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,534
Total Expenses
$2,211
Mortgage P&I
96%
$1,470
Property Taxes
16%
$246
Home Insurance
6%
$96
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0