This property looks like a bad Long-Term investment with a projected -5.95% first-year return on $56,427 initial cash invested.
-5.95%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$1,757
Rent
-$280
Cashflow
Cash Flow
$1,757 income − $2,037 expenses = $280 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,427
Downpayment
20%
$53,740
Closing costs
1%
$2,687
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,757
Total Expenses
$2,037
Mortgage P&I
84%
$1,479
Property Taxes
2%
$37
Home Insurance
4%
$64
HOA
0%
$0
Property Management
10%
$176
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0