This property looks like a bad Long-Term investment with a projected -11.65% first-year return on $56,553 initial cash invested.
-11.65%
Cash On Cash
4.57%
Cap Rate
0.69
DSCR
$1,913
Rent
-$549
Cashflow
Cash Flow
$1,913 income − $2,462 expenses = $549 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
$1,913
Total Expenses
$2,462
Mortgage P&I
77%
$1,479
Property Taxes
20%
$389
Home Insurance
5%
$96
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0