This property looks like a bad Long-Term investment with a projected -2.75% first-year return on $55,797 initial cash invested.
-2.75%
Cash On Cash
6.44%
Cap Rate
1
DSCR
$2,528
Rent
-$128
Cashflow
Cash Flow
$2,528 income − $2,656 expenses = $128 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,797
Downpayment
20%
$53,140
Closing costs
1%
$2,657
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,528
Total Expenses
$2,656
Mortgage P&I
56%
$1,428
Property Taxes
20%
$497
Home Insurance
3%
$74
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0