This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $56,385 initial cash invested.
-14.75%
Cash On Cash
3.92%
Cap Rate
0.59
DSCR
$1,831
Rent
-$693
Cashflow
Cash Flow
$1,831 income − $2,524 expenses = $693 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,385
Downpayment
20%
$53,700
Closing costs
1%
$2,685
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,831
Total Expenses
$2,524
Mortgage P&I
81%
$1,479
Property Taxes
26%
$470
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0