This property looks like a bad Long-Term investment with a projected -1.87% first-year return on $56,490 initial cash invested.
-1.87%
Cash On Cash
6.78%
Cap Rate
1.02
DSCR
$2,430
Rent
-$88
Cashflow
Cash Flow
$2,430 income − $2,518 expenses = $88 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,430
Total Expenses
$2,518
Mortgage P&I
61%
$1,485
Property Taxes
13%
$304
Home Insurance
4%
$96
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0