This property looks like a bad Long-Term investment with a projected -6.39% first-year return on $56,553 initial cash invested.
-6.39%
Cash On Cash
5.73%
Cap Rate
0.87
DSCR
$2,030
Rent
-$301
Cashflow
Cash Flow
$2,030 income − $2,331 expenses = $301 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,553
Downpayment
20%
$53,860
Closing costs
1%
$2,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,030
Total Expenses
$2,331
Mortgage P&I
73%
$1,484
Property Taxes
11%
$222
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0