This property looks like a bad Long-Term investment with a projected -6.59% first-year return on $56,490 initial cash invested.
-6.59%
Cash On Cash
5.21%
Cap Rate
0.85
DSCR
$1,960
Rent
-$310
Cashflow
Cash Flow
$1,960 income − $2,270 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.6%
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
$1,960
Total Expenses
$2,270
Mortgage P&I
70%
$1,379
Property Taxes
15%
$287
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0