This property looks like a bad Long-Term investment with a projected -7.8% first-year return on $56,490 initial cash invested.
-7.8%
Cash On Cash
5.04%
Cap Rate
0.81
DSCR
$1,910
Rent
-$367
Cashflow
Cash Flow
$1,910 income − $2,277 expenses = $367 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,490
Downpayment
20%
$53,800
Closing costs
1%
$2,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,910
Total Expenses
$2,277
Mortgage P&I
73%
$1,401
Property Taxes
15%
$284
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0