This property looks like a bad Long-Term investment with a projected -7.42% first-year return on $55,818 initial cash invested.
-7.42%
Cash On Cash
5.14%
Cap Rate
0.83
DSCR
$2,078
Rent
-$345
Cashflow
Cash Flow
$2,078 income − $2,423 expenses = $345 out of pocket
Investment Breakdown
|
Purchase Price
$266k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$55,818
Downpayment
20%
$53,160
Closing costs
1%
$2,658
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,078
Total Expenses
$2,423
Mortgage P&I
66%
$1,379
Property Taxes
21%
$433
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0