This property looks like a bad Long-Term investment with a projected -3.47% first-year return on $56,406 initial cash invested.
-3.47%
Cash On Cash
5.76%
Cap Rate
0.95
DSCR
$1,840
Rent
-$163
Cashflow
Cash Flow
$1,840 income − $2,003 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,406
Downpayment
20%
$53,720
Closing costs
1%
$2,686
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,840
Total Expenses
$2,003
Mortgage P&I
74%
$1,361
Property Taxes
4%
$66
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0