This property looks like a bad Long-Term investment with a projected -5.41% first-year return on $56,532 initial cash invested.
-5.41%
Cash On Cash
5.85%
Cap Rate
0.91
DSCR
$2,350
Rent
-$255
Cashflow
Cash Flow
$2,350 income − $2,605 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,532
Downpayment
20%
$53,840
Closing costs
1%
$2,692
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,350
Total Expenses
$2,605
Mortgage P&I
62%
$1,449
Property Taxes
17%
$411
Home Insurance
6%
$133
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0