This property looks like a bad Long-Term investment with a projected -10.23% first-year return on $56,553 initial cash invested.
-10.23%
Cash On Cash
4.71%
Cap Rate
0.73
DSCR
$1,742
Rent
-$482
Cashflow
Cash Flow
$1,742 income − $2,224 expenses = $482 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,553
Downpayment
20%
$53,860
Closing costs
1%
$2,693
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,742
Total Expenses
$2,224
Mortgage P&I
83%
$1,451
Property Taxes
13%
$226
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$174
CapEx
5%
$87
Vacancy
6%
$105
Maintenance
5%
$87
Other
0%
$0