This property looks like a bad Long-Term investment with a projected -13.21% first-year return on $56,238 initial cash invested.
-13.21%
Cash On Cash
3.97%
Cap Rate
0.62
DSCR
$1,457
Rent
-$619
Cashflow
Cash Flow
$1,457 income − $2,076 expenses = $619 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,238
Downpayment
20%
$53,560
Closing costs
1%
$2,678
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,457
Total Expenses
$2,076
Mortgage P&I
98%
$1,431
Property Taxes
12%
$172
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0