This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $56,217 initial cash invested.
-10.5%
Cash On Cash
4.91%
Cap Rate
0.73
DSCR
$1,660
Rent
-$492
Cashflow
Cash Flow
$1,660 income − $2,152 expenses = $492 out of pocket
Investment Breakdown
|
Purchase Price
$268k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,217
Downpayment
20%
$53,540
Closing costs
1%
$2,677
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,660
Total Expenses
$2,152
Mortgage P&I
91%
$1,505
Property Taxes
7%
$121
Home Insurance
6%
$94
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0