This property looks like a bad Long-Term investment with a projected -12.55% first-year return on $55,755 initial cash invested.
-12.55%
Cash On Cash
4.24%
Cap Rate
0.65
DSCR
$1,405
Rent
-$583
Cashflow
Cash Flow
$1,405 income − $1,988 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,755
Downpayment
20%
$53,100
Closing costs
1%
$2,655
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,405
Total Expenses
$1,988
Mortgage P&I
103%
$1,451
Property Taxes
6%
$80
Home Insurance
7%
$93
HOA
0%
$0
Property Management
10%
$140
CapEx
5%
$70
Vacancy
6%
$84
Maintenance
5%
$70
Other
0%
$0