This property looks like a bad Long-Term investment with a projected -10.49% first-year return on $56,490 initial cash invested.
-10.49%
Cash On Cash
4.92%
Cap Rate
0.73
DSCR
$1,600
Rent
-$494
Cashflow
Cash Flow
$1,600 income − $2,094 expenses = $494 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,600
Total Expenses
$2,094
Mortgage P&I
95%
$1,518
Property Taxes
4%
$66
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$160
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0