This property looks like a bad Long-Term investment with a projected -13.16% first-year return on $56,532 initial cash invested.
-13.16%
Cash On Cash
4.31%
Cap Rate
0.65
DSCR
$1,921
Rent
-$620
Cashflow
Cash Flow
$1,921 income − $2,541 expenses = $620 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,532
Downpayment
20%
$53,840
Closing costs
1%
$2,692
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,921
Total Expenses
$2,541
Mortgage P&I
78%
$1,490
Property Taxes
24%
$456
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0