This property looks like a bad Long-Term investment with a projected -7.1% first-year return on $56,301 initial cash invested.
-7.1%
Cash On Cash
5.31%
Cap Rate
0.83
DSCR
$1,851
Rent
-$333
Cashflow
Cash Flow
$1,851 income − $2,184 expenses = $333 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,301
Downpayment
20%
$53,620
Closing costs
1%
$2,681
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,851
Total Expenses
$2,184
Mortgage P&I
77%
$1,426
Property Taxes
10%
$182
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$185
CapEx
5%
$93
Vacancy
6%
$111
Maintenance
5%
$93
Other
0%
$0