This property looks like a bad Long-Term investment with a projected -18.02% first-year return on $55,860 initial cash invested.
-18.02%
Cash On Cash
3.27%
Cap Rate
0.49
DSCR
$1,507
Rent
-$839
Cashflow
Cash Flow
$1,507 income − $2,346 expenses = $839 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,860
Downpayment
20%
$53,200
Closing costs
1%
$2,660
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,507
Total Expenses
$2,346
Mortgage P&I
99%
$1,488
Property Taxes
24%
$369
Home Insurance
7%
$98
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0