This property looks like a bad Long-Term investment with a projected -10.78% first-year return on $56,532 initial cash invested.
-10.78%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$1,806
Rent
-$508
Cashflow
Cash Flow
$1,806 income − $2,314 expenses = $508 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,532
Downpayment
20%
$53,840
Closing costs
1%
$2,692
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,806
Total Expenses
$2,314
Mortgage P&I
82%
$1,482
Property Taxes
15%
$272
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0