This property looks like a bad Long-Term investment with a projected -15.75% first-year return on $56,385 initial cash invested.
-15.75%
Cash On Cash
3.84%
Cap Rate
0.57
DSCR
$2,082
Rent
-$740
Cashflow
Cash Flow
$2,082 income − $2,822 expenses = $740 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,385
Downpayment
20%
$53,700
Closing costs
1%
$2,685
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,082
Total Expenses
$2,822
Mortgage P&I
72%
$1,495
Property Taxes
29%
$613
Home Insurance
5%
$94
HOA
4%
$79
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0